Building Activity and the Expectations of Households and Constructors
Building Activity and the Expectations of Households and Constructors
Οικονομία & Αγορές
04 Σεπτεμβρίου 2007
• 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.