Forecast: Residential Constructions in Philippines

The residential construction market in the Philippines is expected to see a steady increase over the next few years, with values forecasted at 127.89 thousand in 2024, rising to 136.57 thousand by 2028. In 2023, the value stood at 125 thousand, indicating a consistent upward trend.

The year-on-year percentage variations are as follows:

- 2024: +2.31%

- 2025: +1.75%

- 2026: +1.68%

- 2027: +1.63%

- 2028: +1.56%

The Compound Annual Growth Rate (CAGR) over the last five years is 1.78%, suggesting a stable yet moderate growth trajectory.

Future trends to watch for:

- Infrastructure investments from government policies.

- Economic factors such as inflation and interest rates.

- Urbanization and population growth driving housing demand.

- Technological advancements in construction methods and materials.