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Eastern Europe’s construction industry is forecasted to grow by 3.6% in 2021, following a 1.6% contraction in 2020 due to the COVID-19 outbreak and subsequent lockdown restrictions, according to GlobalData, a leading data and analytics company.
Following the historic collapse of construction activity in 2020 amid the severe disruption caused by restrictions imposed to contain the spread of COVID-19, the construction industry is set to grow by 5.2% in 2021, according to GlobalData, a leading data and analytics company.
The National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting (JBREC) recently released their Q4 2020 Kitchen & Bath Market Index (KBMI), which shows industry sales grew 2% from Q3 2020 and 4% year-over-year from Q4 2019.
Spending on residential improvements will continue to grow at a healthy pace over the next two years, according to experts speaking at an online press conference hosted by the National Association of Home Builders (NAHB) Remodelers during the 2021 International Builders’ Show virtual experience, IBSx.
After declining for four years, a number of key trends, including the average size of the home and the number of bedrooms and bathrooms, reversed course in 2020 as a result of shifting buyer preferences in the wake of COVID-19.
2020 was a difficult year for many. A global pandemic and the uncertainty surrounding it had lasting effects on families, schools, businesses and communities. During the holiday season, QFloors offered critical assistance to people in need.
Following the release of data from the Spanish National Statistics Institute (INE) showing a sharp fall in construction output in 2020, Moustafa Ali, economist at GlobalData, a leading data and analytics company, offers his view on the outlook for the Spanish construction industry.