The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting *** U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

The quarterly pulse monitor expects the Dutch house prices to fall by **** percent in 2023 due to the decline in purchasing power, higher cost of borrowing and worsening economic conditions. The price of Dutch residential property in 2022 was approximately ******* euros. These developments came on top of other issues that were already prevalent in the Dutch housing market, such as the discussion about nitrogen and its effect on housing construction. The effects of nitrogen on the price of a house At the end of 2019, months before the coronavirus, there was already a lot of uncertainty whether their predictions would hold true. This had to do with the so-called “nitrogen decision” (in Dutch: stikstofbesluit) in May 2019. Simply put, a Dutch advisory body found that the domestic policy for nitrogen emission (formally known as Programmatische Aanpak Stikstof or Programmatic Approach Nitrogen) went against European rules. As of August 2019, a sizable share of the Dutch population was not familiar with this nitrogen policy. However, the advisory body’s decision led to an immediate stop to all construction in the country (amongst other things). By the end of 2019, this stop was still in place. For 2020, newly to be constructed houses have to comply to new rules regarding nitrogen emission. This puts new pressure on a housing market that already had to keep with increasing demand. How about the housing market in Amsterdam? In the year 2022, Amsterdam ranked as the most expensive city in the Netherlands to acquire an apartment, with an average price per square meter that was ***** euros more expensive than in Utrecht. Amsterdam was also well above the average rents found in other cities. A house in Amsterdam had a rent of approximately ** euros per square meter in 2023, whereas rents in Rotterdam cost roughly ** euros per square meter. It should be noted, however, that rent changes in the Dutch capital are significantly lower than those found in Rotterdam and especially Utrecht.

The Canadian housing market, particularly in major urban centers, has experienced a prolonged period of rapid price appreciation, driven by factors such as low interest rates, strong population growth, and limited supply. According to the Canada Mortgage and Housing Corporation (CMHC), the national average house price rose by more than 50% between 2020 and 2022, with prices in some major cities, such as Toronto and Vancouver, increasing by even more. This rapid price growth has made it increasingly difficult for many Canadians to afford a home, especially in the country's most desirable markets. However, the Canadian housing market is starting to show signs of cooling in 2023, as rising interest rates and stricter mortgage lending rules from the government begin to take effect. The CMHC predicts that the national average house price will decline by 7.6% in 2023, with prices in some markets, such as Toronto and Vancouver, expected to fall by even more. This cooling is expected to continue in 2024, with the CMHC predicting a further decline in the national average house price of 3.2%. The long-term outlook for the Canadian housing market is more uncertain, but the CMHC expects that prices will continue to rise, albeit at a more moderate pace. The Canadian housing market is one of the most expensive in the world, with prices in major cities like Toronto and Vancouver soaring to record highs in recent years. This has led to a growing concern about affordability, as many Canadians are being priced out of the market. Key drivers for this market are: Increasing Adoption of Remote and Hybrid Work Model. Potential restraints include: Lack of Privacy. Notable trends are: Pandemic Accelerated Luxury Home Sales in Major Canadian Markets.

The investigation of industrialization is one of the most central topics of economic history. It contributes to better understanding of our economy today and the way it works. The housing construction sector has been neglected in the literature on German industrialization history so far. The present study tends to close this gap with an analysis of this sector. Not only steak, coal and railways were important for industrialization, but also sectors that produced goods to satisfy basic needs like food, clothing and housing in those times of fast population growth. The housing sector played a special role because of its investing character. A very suitable period of investigation of the housing sector is the 19th century. In this period there were a lot of changes in the German economy. The agriculturally orientated society developed into an industrial society that managed the provision of goods with the help of markets and that had a population which moved to the cities. The basic need of housing was satisfied by market production; urban housing market emerged. The term of ‘housing production’ came up. The emergence of housing cycles is directly related with industrialization. Housing production faced times of speculation booms, that where followed by waves of bankruptcies and stagnation. The housing sector is more suited than other sectors to display the time dimension of the industrialization process which besides the growth also consists in the cyclicality of the development. For the cities of Berlin, Hamburg, Munich, Frankfurt and Dortmund, data was collected that were eligible for the analysis of housing construction. The author´s method refers to the econometric method. Thereby the study follows the tradition of the “New Economic History School” that comes from America and is since the 60s concerned with an approximation between economic science and historical science (especially in the area of economic history).“The first part of this study deals with the quantitative importance of the housing sector during the German industrialization and with the qualitative role of this sector for the explanation of Industrialization. In the second part of the investigation developments of investments in the housing sector of different cities are described and compared with each other. Of primary importance is the comparison regarding economic development. The third part tries to explain the total amount of investment in the housing sector exemplified by Hamburg. For this explanation an econometric model will be formulated and tested. In part five the results of the present study linked to the questions of part one will be summarized and explanatory contributions for the German industrialization history will be drawn as a conclusion.“(Wellenreuther, T., a. cit., p. 39).“To compare the development of the different cities, indicators need to be found, that reflect the changes of investments in the construction sector in over a long time period. As in some cities there exists only data of the quantities, we decided to use only quantities for the description of housing investments in order to achieve comparability. The physical outcome of the economic activity of investments in housing is living space… This output has a value dimension. When one only uses quantities as indicators one ignores the quality aspect. Value series include the quality aspect but compared to series of quantities they have the disadvantage that empirical values are given in monetary amounts. This leads to distortion if there were changes in prices that were not caused by changes in quality but by inflation or by changes in price relations… Since the construction costs in the short and medium term were affected by strong fluctuations, the value series for current prices give a distorted impression of construction activities.” (Wellenreuther, T., a. cit., p. 40, 41, 42).The economic model that the author develops theoretically needs Data with a high quality. Therefor the model used for the explanations of investments in housing could only be tested for Hamburg, because only in this case the necessary data was available. But the comparison with other German cities shows that Hamburg was not an unusual phenomenon but developed representatively for the general development in Germany. Data tables in HISTAT:A. Tables for GermanyA.01 Private consumption of housing and the entire private consumption in Germany (1850-1913)A.02 Capital in non-agricultural housing and total capital stock in (1850-1913)A.03 Investment in non-agricultural housing and total investments in Germany (1851-1913)A.04 Structure of net investments by economic sectors in Germany, in percent (1851-1913)A.05 Population, marriages and investments in housing in Germany (1851-1913) A.06 Capital stock and investments in non-agricultural housing in Germany (1850-1913) B. Tables for HamburgB.01 Fire insurances and amount of rooms in Hamburg (1869-1913)B.02a Construction of an interest rat...

According to Cognitive Market Research, The Global Shower Doors market size is USD 13.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8% from 2023 to 2030.

Evolving consumer preferences for stylish and high-quality shower doors, driven by design trends and innovative technology, impact the market. Manufacturers that offer customizable and innovative options thrive, while those who need to adapt may face reduced demand and market stagnation.
The shower doors market's performance is closely tied to the housing market, thriving during economic upswings and housing booms when homeowners seek upgraded bathrooms but facing decreased demand during economic downturns when renovation projects are postponed due to financial constraints.
The Hospitality and others segment is the fastest-growing, driven by the flourishing hospitality sector, including hotels and resorts, which demand stylish and durable shower doors to enhance guest experiences, with additional growth in healthcare and education facilities under the "Others" category.
North America will continue to lead, whereas the Asia Pacific Shower Doors market will experience the strongest growth until 2030.

Rising Housing Market Trends will Drive Demand for Shower Doors

The housing market's performance is a pivotal driver of the shower doors market. When the housing market is booming, with increasing home construction and renovation activities, the demand for shower doors surges. This heightened demand for housing often results from population growth, economic prosperity, or changing demographics, and consequently, homeowners seek upgraded bathrooms, including stylish and functional shower doors. Conversely, during economic downturns or housing market slumps, the demand for shower doors can decrease as consumers postpone or scale back renovation projects due to financial constraints.

Impact of Design Trends will Boost Shower Doors Market

Evolving design trends and consumer preferences significantly impact the shower doors market. As consumers become more design-conscious and seek luxurious bathroom aesthetics, the demand for aesthetically pleasing and innovative shower door designs increases. Factors such as improved technology, the desire for spacious, open-concept bathrooms, and the use of high-quality materials drive this trend. Manufacturers that respond by offering customizable, frameless, or semi-frameless options meet this demand, increasing market share. Conversely, a lack of innovation or failure to adapt to changing aesthetics can cause market stagnation or reduced demand.

Expansion of Real Estate and Renovation Activities

Market Dynamics of the Shower Doors

Stringent Regulations Raise Costs, which will Limit Market Growth

The shower doors market faces a significant restraint due to stringent regulatory compliance and safety standards. This cause-effect relationship stems from government regulations that mandate safety measures in construction and home improvement. As a result, manufacturers and suppliers must invest in expensive materials and technology to ensure their products meet these standards. This, in turn, leads to higher production costs, making shower doors more expensive for consumers. Additionally, the time and resources required to navigate and adhere to these regulations can slow down innovation and product development, hampering the industry's growth potential.

Impact of COVID–19 on the Shower Doors Market

The market experienced significant repercussions due to the COVID-19 pandemic, leading to a notable decrease in demand in both residential and non-residential sectors. This health crisis had adverse effects on new construction projects and the aftermarket industry. After the restrictions were lifted, the primary challenges faced by the sector revolved around the availability of labor and the surging costs of essential building materials. Following the pandemic's conclusion, the prices of raw materials experienced a sharp increase, which, in turn, had a substantial impact on the overall demand for doors, further exacerbating the sector's difficulties. Introduction of The Shower Doors Market

The performance of the housing market significantly influences the shower doors industry, with surging demand during housing market upswings driven by factors like population growth and economic prosperity, leading ...

In 2024, the average land price in Japan amounted to around ***** thousand Japanese yen per square meter. The average land price is based on land price surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism and prefectural governments in January and July each year. Japan’s geography The Japanese archipelago consists of the five main islands of Honshu, Hokkaido, Kyushu, Shikoku, and Okinawa in addition to thousands of smaller islands. Together, they cover a surface area of around *** thousand square kilometers. Three-quarters of the country’s land area is covered by mountains. Forestland and farmland constitute about ** percent of its landmass, while developed land accounts for five percent. The population of *** million is concentrated in major cities like Tokyo, which is home to over **** million inhabitants. Urban-rural divide and land prices Owing to an overconcentration of economic activity in Tokyo and other major cities like Osaka and Nagoya, more than half of the population is located in ***** metropolitan areas. Tokyo and its surrounding prefectures that comprise the Tokyo metropolitan area attract many people from other parts of the country each year, often young individuals seeking jobs or starting university. In contrast, rural regions are confronted with depopulation and economic stagnation. Japan’s urban-rural divide is also reflected in land prices. Tokyo has by far the most expensive land prices. In terms of land price growth, the cities of Sapporo, Sendai, Hiroshima, and Fukuoka have outpaced the Greater Tokyo Area in the past decade.

The U.S. mortgage market has declined notably since 2020 and 2021, mostly due to the effect of higher borrowing costs on refinance mortgages. The value of refinancing mortgage originations, amounted to 190 billion U.S. dollars in the fourth quarter of 2024, down from a peak of 851 billion U.S. dollars in the fourth quarter of 2020. The value of mortgage loans for the purchase of a property recorded milder fluctuations, with a value of 304 billion U.S. dollars in the fourth quarter of 2024. According to the forecast, mortgage lending is expected to slightly increase until the end of 2026. The cost of mortgage borrowing in the U.S. Mortgage interest rates in the U.S. rose dramatically in 2022, peaking in the final quarter of 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type exceeded 6.6 percent. This has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market. The effect of a slower housing market on property prices and rents According to the S&P/Case Shiller U.S. National Home Price Index, housing prices experienced a slight correction in early 2023, as property transactions declined. Nevertheless, the index continued to grow in the following months. On the other hand, residential rents have increased steadily since 2000.

Among heads of households in their seventies in South Korea, about ** percent owned homes in 2022, followed by those in their sixties at around ** percent. According to the source, the homeownership rate overall that year was ** percent. Decreasing housing purchases There has been a decline in apartment prices, as the prices have averaged over ************ South Korean won per square meter and surpassed ** million won in the capital city of Seoul. This decline has partly led to lower housing transactions, with the volume of housing transactions dropping below ***********. Since 2021, the sales price index for housing purchases in South Korea has experienced a sharp decline. Living in South Korea There has been a slight increase in living space per person despite the high population density in South Korean cities. While most households live in high-rise apartments with **** or more stories, only a fraction live in stand-alone houses. Nonetheless, most Koreans in their thirties believe they should own their own house, though financial factors may make this difficult to achieve.