In 2023, residential construction in the Philippines stood at 19.337 million square meters. Starting from 2024, the forecasted data indicated steady growth: 19.721 million m² in 2024, 20.117 million m² in 2025, 20.505 million m² in 2026, 20.885 million m² in 2027, and 21.258 million m² in 2028. This represents a consistent year-on-year growth rate of approximately 2% to 2.3%.

Future trends to watch for:

Urbanization and population growth driving demand for residential spaces.
Increased investment in green and sustainable construction techniques.
Government policies and infrastructure projects influencing residential market dynamics.
Economic factors and consumer purchasing power impacting construction activity.
Technological advancements in construction practices potentially reducing costs and increasing productivity.