New Residential Construction Activity Predictions In 2020, 40% of builders expected residential building activity would increase in their market area in the next 12 months, which was substantially more than in 2019 (22%). The proportion of builders expecting a decline decreased to 14% in 2020 from 31% in 2019 and 38% in 2018. As in previous years, builders continued to be more optimistic about their own company’s level of activity relative to the local market in which they operate in the next 12 months. This year 46% of builders expected their company’s activity to increase, which was the highest recorded proportion feeling this way since 2015 (49%).
Figure 27: Self-Predicted Construction Activity in Local Builder Market, 2013-2020
19%
22%
31%
35%
36%
40%
44%
47%
43%
47%
50%
55%
53%
46%
51%
48%
38%
31%
18%
14%
11%
11%
5%
5%
2013 (n=843)
2014 n=(1,097)
2015 (n=1,288)
2016 (n=1,526)
2017 (n=1,008)
2018 (n=1,206)
2019 (n=1,230)
2020 (n=1,291)
Increase Remain the Same Decrease
Figure 28: Self-Predicted Construction Activity for Builder Company, 2013-2020
29%
30%
41%
44%
44%
46%
48%
49%
51%
51%
50%
46%
43%
47%
48%
46%
20%
20%
11%
10%
10%
9%
5%
4%
2013 (n=843)
2014 n=(1,097)
2015 (n=1,288)
2016 (n=1,526)
2017 (n=1,008)
2018 (n=1,206)
2019 (n=1,230)
2020 (n=1,291)
Increase Remain the Same Decrease
27 | P a g e
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