Sweden's small house construction forecast faces disarray

Posted on March 22, 2024   |  

Small house orders declined by 47% compared to the previous year, with 2,578 wooden houses ordered.

Preliminary data shows a decrease in the construction of detached houses, with 6,600 started in 2023 compared to 12,568 in 2022, and a forecast of 4,500 small houses for 2024.

Europe's security policy situation and high interest rates contribute to weak development.

Despite some improvement, concerns persist due to consistently low figures and ongoing industry strain.

A total of 1,717 apartments are scheduled for delivery throughout 2024, all ordinary apartment buildings.

Forecast accuracy for 2024 is uncertain, with discrepancies noted in previous years, particularly in 2022 and 2023.