Building Activity and the Expectations of Households and Constructors | Eurobank
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Building Activity and the Expectations of Households and Constructors

• The households’ planning for buying or building a home over the next 12 months is an important defining factor in building activity.
• Another important defining factor is the current level of orders, as it is perceived by constructors.
• The macroeconomic environment, as it is defined by the real GDP growth rate and the monthly Euribor cannot explain the fluctuations in building activity.
• Insufficient demand, financial constraints and shortage of labor force have an isolated effect on building activity. This relationship is overshadowed by the current level of orders and households’ planning.