Inflation Rate in Serbia increased to 4.60 percent in June from 3.80 percent in May of 2025. This dataset provides - Serbia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Between January 2018 and May 2025, Germany's inflation rate experienced significant volatility. Initially fluctuating between 0.3 and 3.1 percent, the rate escalated dramatically, reaching a peak of 10.4 percent in October 2022. By September 2024, the inflation rate had moderated to 1.6 percent. However, inflation began rising again towards the end of 2024, standing at 2.6 percent in December. Early 2025 saw inflation decrease to 2.2 percent. The European Central Bank (ECB) responded to these inflationary pressures with a series of interest rate adjustments. After maintaining historically low rates, the ECB initiated its first rate hike since March 2016 in July 2022, raising the rate to 0.5 percent. The interest rate continued to increase, stabilizing at 4.5 percent from September 2023 to June 2024. In a notable shift, June 2024 marked the first rate cut during this period. It was followed by a series of rate cuts until the end of the year, with the last cut in 2024 setting the rate at 3.15 percent. Two further cuts were implemented in early 2025, setting the rate at 2.65 percent in March 2025.

Inflation Rate in India decreased to 2.10 percent in June from 2.82 percent in May of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In June 2024, the European Central Bank (ECB) began reducing its fixed interest rate for the first time since 2016, implementing a series of cuts. The rate decreased from 4.5 percent to 3.15 percent by year-end: a 0.25 percentage point cut in June, followed by additional reductions in September, October, and December. The central bank implemented other cuts in early 2025, setting the rate at 2.4 percent in April 2025. This marked a significant shift from the previous rate hike cycle, which began in July 2022 when the ECB raised rates to 0.5 percent and subsequently increased them almost monthly, reaching 4.5 percent by December 2023 - the highest level since the 2007-2008 global financial crisis. How does this ensure liquidity? Banks typically hold only a fraction of their capital in cash, measured by metrics like the Tier 1 capital ratio. Since this ratio is low, banks prefer to allocate most of their capital to revenue-generating loans. When their cash reserves fall too low, banks borrow from the ECB to cover short-term liquidity needs. On the other hand, commercial banks can also deposit excess funds with the ECB at a lower interest rate. Reasons for fluctuations
The ECB’s primary mandate is to maintain price stability. The Euro area inflation rate is, in theory, the key indicator guiding the ECB's actions. When the fixed interest rate is lower, commercial banks are more likely to borrow from the ECB, increasing the money supply and, in turn, driving inflation higher. When inflation rises, the ECB increases the fixed interest rate, which slows borrowing and helps to reduce inflation.

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US Residential Construction Market Size 2025-2029

The US residential construction market size is forecast to increase by USD 242.9 million at a CAGR of 4.5% between 2024 and 2029.

The Residential Construction Market in the US is experiencing significant growth driven by increasing household formation rates and a rising focus on sustainability in new projects. According to the latest data, household formation is projected to continue growing at a steady pace, fueling the demand for new residential units. This trend is particularly evident in urban areas, where population growth and limited space for new development are driving up demand. Meanwhile, the emphasis on sustainability in residential construction is transforming the market landscape. With consumers increasingly prioritizing energy efficiency and eco-friendly features in their homes, builders and developers are responding by incorporating green technologies and sustainable materials into their projects.
This shift not only appeals to environmentally-conscious consumers but also offers long-term cost savings and regulatory compliance benefits. However, the market is not without challenges. Skilled labor shortages continue to pose a significant hurdle for large-scale residential real estate projects. The ongoing shortage of skilled laborers, including carpenters, electricians, and plumbers, is driving up labor costs and delaying project timelines. To mitigate this challenge, some builders are exploring alternative solutions, such as modular construction and automation, to streamline their operations and reduce their reliance on traditional labor sources. The Residential Construction Market in the US presents significant opportunities for companies seeking to capitalize on the growing demand for new housing units and the shift towards sustainability.
However, navigating the challenges of labor shortages and rising costs will require innovative solutions and strategic planning. By staying informed of market trends and adapting to evolving consumer preferences, companies can effectively position themselves for success in this dynamic market.

What will be the size of the US Residential Construction Market during the forecast period?

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The residential construction market in the United States continues to exhibit dynamic activity, driven by various economic factors. Housing supply remains a key focus, with ongoing discussions surrounding the affordable housing trend and efforts to increase inventory, particularly for single-family homes and new constructions. Mortgage and federal funds rates have an impact on residential investment, with fluctuations influencing buyer decisions and construction costs. The labor market plays a crucial role, as workforce availability and wages affect both housing starts and cancellation rates. Inflation and interest rates, monitored closely by the Federal Reserve, also shape the market's direction. Recession risks and economic conditions influence construction spending across various sectors, including multifamily and single-family homes.
Federal programs, such as housing choice vouchers and fair housing initiatives, continue to support home buyers and promote equitable housing opportunities. Building permits and housing starts serve as essential indicators of market health and future growth, with some sectors experiencing double-digit growth. Overall, the residential construction market in the US remains a significant economic driver, shaped by a complex interplay of economic, demographic, and policy factors.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Apartments and condominiums
  Luxury Homes
  Other types


Type

  New construction
  Renovation


Application

  Single family
  Multi-family


Construction Material

  Wood-framed
  Concrete
  Steel
  Modular/Prefabricated


Geography

  US

By Product Insights

The apartments and condominiums segment is estimated to witness significant growth during the forecast period.

The residential construction market in the US is experiencing growth in both the apartment and condominium sectors, driven by the increasing trend toward urbanization and changing lifestyle preferences. Apartments, typically owned by property management companies, and condominiums, with individually owned units within a larger complex, contribute significantly to the market. The Federal Reserve's influence on the economy through the federal funds rate and mortgage rates impacts borrowing rates and home construction activity. The affordability of housing, particularly for younger generations, is a concern due to factors such as inflation, labor market conditions, and savings

Inflation Rate in Chile decreased to 4.10 percent in June from 4.40 percent in May of 2025. This dataset provides - Chile Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Following a long history of stability and slow innovation, the dairy producers have been compelled to adapt rapidly as non-traditional dairy products, especially plant-based milks, make significant inroads among consumers not just for health and ethical reasons, but increasingly for taste. While some protection remains, like EU law reserves names like “milk” and “cheese” for animal-derived products, demand for classic dairy items is no longer unchallenged, pressuring processors to step up their marketing game, diversify product portfolios and invest heavily in both sustainability and product innovation. Revenue is projected to hike at a compound annual rate of 1.5% over the five years through 2025, including a shrink of 1.3% in 2025 to reach €289.8 billion. The industry has benefitted from export growth, which has mainly been fuelled by trade agreements and global market expansions, opening doors to lucrative export opportunities. Notably, those specialising in unique dairy products, like speciality cheeses, are reaping the benefits. European drinking milk volumes have gradually slumped, even as pandemic-induced home cooking temporarily buoyed demand in 2021. Input costs soared, with EU farm-gate milk prices peaking dramatically in late 2022 due to high feed and energy costs and supply disruptions amplified by the Russia–Ukraine conflict. While producers hiked prices to offset these cost shocks, driving a temporary revenue surge in 2022, profit has been squeezed as dairy processors struggled to pass on rising costs fully to price-sensitive consumers. Strength in exports, particularly artisan and PDO-certified cheeses, provided some offset, as Europe cemented its reputation for premium dairy on the global stage. Meanwhile, premiumisation and growing household incomes in core markets like Germany, France and the UK drove robust demand for value-added products like soft cheeses and dairy desserts. Dairy producers will contend with the swelling popularity of plant-based alternatives like oat, almond and soy milk. Thanks to cultural shifts driven by health, environmental sustainability and animal welfare concerns, demand for these alternatives is set to surge. In response, major dairy brands like Arla, Danone and FrieslandCampina are moving into the plant-based segment, while innovation in taste and texture is expected to intensify competition. At the same time, sustainability and organic production will dominate industry strategies, as the EU’s Green Deal pushes for at least a quarter of agricultural land to be organic by 2030. While this transition supports stronger profit, premium product categories and aligns with evolving consumer values, it’s likely to elevate both compliance and production costs. Adoption of advanced agri-tech and automation should drive operational efficiencies, but industry-wide growth will remain constrained by price-sensitive consumption patterns, regulatory shifts and ongoing geopolitical risks affecting export potential. Over the five years through 2030, industry revenue is projected to climb at a compound annual rate of 3% to reach an estimated €335.5 billion.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

As of January 2025, the Bank of Israel's declared interest rate was *** percent. This was following the Bank's decision to reduce its declared rate by one quarter of a point in January 2024. Between ********** and *************, the country went through a period of rate hikes in an effort to curb inflation. During the observed period, interest rates in Israel peaked at ** percent in ************* and *********. Following the global financial crisis between 2008 and 2011, rates were reduced to near-zero levels until **********.

Key information about House Prices Growth

• Philippines house prices dropped 2.3% YoY in Sep 2024, following an increase of 2.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2015 to Sep 2024, with an average growth rate of 4.5%.
• House price data reached an all-time high of 26.6% in Jun 2020 and a record low of -9.4% in Jun 2021.

The benchmark interest rate in Vietnam was last recorded at 4.50 percent. This dataset provides the latest reported value for - Vietnam Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Japan increased 1 percent in May of 2025 over the same month in the previous year. This dataset provides - Japan Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.