{"id":99073,"date":"2026-06-17T05:56:05","date_gmt":"2026-06-17T05:56:05","guid":{"rendered":"https:\/\/www.timberindustrynews.com\/?p=99073"},"modified":"2026-06-17T09:39:34","modified_gmt":"2026-06-17T09:39:34","slug":"european-construction-recovery-gains-traction-but-housing-remains-the-missing-piece","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/european-construction-recovery-gains-traction-but-housing-remains-the-missing-piece\/","title":{"rendered":"European construction recovery gains traction, but housing remains the missing piece"},"content":{"rendered":"

Construction activity across Europe is still expected to grow during the next three years, but the pace of recovery has slowed compared with forecasts published late last year.<\/p>\n

According to the latest EUROCONSTRUCT forecast, construction output in the 19 participating countries is projected to increase by 2.0% in 2026, down from the 2.4% growth forecast six months ago. Growth projections for 2027 and 2028 remain at 2.2% and 1.9%.<\/p>\n

The revision reflects a weaker economic picture across Europe during the first half of 2026. Business investment has slowed in several countries and household spending remains cautious. Higher energy prices and uncertainty surrounding international trade have also affected construction activity.<\/p>\n

Total construction output rose by only 0.2% in 2025 after declining in both 2023 and 2024. Although the sector has returned to growth, activity remains below the levels recorded before the downturn in many markets.<\/p>\n

<\/a><\/p>\n

Housing is still the weakest part of the sector.<\/p>\n

Germany, France, Austria and Italy continue to report low levels of residential construction. Financing costs remain higher than during the building boom years and many developers are delaying projects. Demand for new homes has improved in some markets but not enough to produce a strong rebound in construction activity.<\/p>\n

Civil engineering is producing better results.<\/p>\n

Spending on roads, railways, energy infrastructure and public projects is supporting activity in several countries. A growing share of construction growth is now coming from publicly funded projects rather than private residential development.<\/p>\n

Renovation work is also growing more slowly than in recent years. Programmes that encouraged energy-efficiency upgrades during the energy crisis generated strong activity across Europe, but many of those projects have now been completed.<\/p>\n

The strongest markets over the next three years are expected to be Ireland, Poland, Portugal and Spain. Ireland is forecast to remain Europe's fastest-growing construction market, while Poland continues to benefit from infrastructure investment and EU funding.<\/p>\n

At the other end of the scale, Austria is forecast to record no growth in 2026 after three consecutive years of contraction. Germany and France are expected to return to positive territory, but annual growth rates remain modest.<\/p>\n

For the European construction sector, the latest forecast suggests that the downturn has ended. However, the recovery is developing more slowly than expected, particularly in residential building, which remains well below previous peaks in many countries.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Country \/ Region<\/th>\n2022<\/th>\n2023<\/th>\n2024<\/th>\n2025<\/th>\n2026 Forecast<\/th>\n2027 Forecast<\/th>\n2028 Outlook<\/th>\n<\/tr>\n<\/thead>\n
Austria<\/td>\n-2.1%<\/td>\n-4.5%<\/td>\n-5.2%<\/td>\n-1.3%<\/td>\n0.0%<\/td>\n0.8%<\/td>\n1.0%<\/td>\n<\/tr>\n
Belgia<\/td>\n0.6%<\/td>\n-1.2%<\/td>\n0.0%<\/td>\n-0.3%<\/td>\n1.3%<\/td>\n-0.2%<\/td>\n0.2%<\/td>\n<\/tr>\n
Danemarca<\/td>\n1.4%<\/td>\n-12.0%<\/td>\n-4.3%<\/td>\n1.2%<\/td>\n2.0%<\/td>\n2.9%<\/td>\n2.3%<\/td>\n<\/tr>\n
Finlanda<\/td>\n-0.4%<\/td>\n-12.4%<\/td>\n-6.2%<\/td>\n1.0%<\/td>\n4.7%<\/td>\n5.5%<\/td>\n-1.0%<\/td>\n<\/tr>\n
Fran\u021ba<\/td>\n1.9%<\/td>\n0.0%<\/td>\n-1.8%<\/td>\n-3.0%<\/td>\n1.1%<\/td>\n2.2%<\/td>\n1.4%<\/td>\n<\/tr>\n
Germania<\/td>\n-5.1%<\/td>\n-3.2%<\/td>\n-2.9%<\/td>\n-1.0%<\/td>\n1.0%<\/td>\n1.3%<\/td>\n1.0%<\/td>\n<\/tr>\n
Ireland<\/td>\n3.7%<\/td>\n7.6%<\/td>\n-4.8%<\/td>\n11.7%<\/td>\n5.3%<\/td>\n5.8%<\/td>\n6.2%<\/td>\n<\/tr>\n
Italy<\/td>\n12.2%<\/td>\n3.3%<\/td>\n-1.7%<\/td>\n-2.6%<\/td>\n1.6%<\/td>\n-0.1%<\/td>\n-0.8%<\/td>\n<\/tr>\n
Netherlands<\/td>\n4.0%<\/td>\n0.8%<\/td>\n-2.7%<\/td>\n1.3%<\/td>\n2.2%<\/td>\n3.4%<\/td>\n3.1%<\/td>\n<\/tr>\n
Norway<\/td>\n1.0%<\/td>\n-5.3%<\/td>\n-5.7%<\/td>\n1.1%<\/td>\n2.3%<\/td>\n0.0%<\/td>\n2.8%<\/td>\n<\/tr>\n
Portugal<\/td>\n1.9%<\/td>\n5.3%<\/td>\n4.1%<\/td>\n6.1%<\/td>\n4.4%<\/td>\n3.6%<\/td>\n3.3%<\/td>\n<\/tr>\n
Spain<\/td>\n3.3%<\/td>\n2.4%<\/td>\n2.8%<\/td>\n4.3%<\/td>\n3.2%<\/td>\n2.4%<\/td>\n1.8%<\/td>\n<\/tr>\n
Sweden<\/td>\n-2.1%<\/td>\n-10.7%<\/td>\n-3.0%<\/td>\n3.2%<\/td>\n4.0%<\/td>\n2.4%<\/td>\n3.8%<\/td>\n<\/tr>\n
Switzerland<\/td>\n-6.6%<\/td>\n-0.7%<\/td>\n-1.4%<\/td>\n-0.3%<\/td>\n1.9%<\/td>\n1.5%<\/td>\n1.3%<\/td>\n<\/tr>\n
United Kingdom<\/td>\n6.9%<\/td>\n0.4%<\/td>\n-0.2%<\/td>\n1.8%<\/td>\n2.4%<\/td>\n4.3%<\/td>\n5.1%<\/td>\n<\/tr>\n
Western Europe (EC-15)<\/td>\n1.6%<\/td>\n-1.0%<\/td>\n-1.7%<\/td>\n0.1%<\/td>\n1.9%<\/td>\n2.1%<\/td>\n1.9%<\/td>\n<\/tr>\n
Czechia<\/td>\n1.0%<\/td>\n1.8%<\/td>\n-1.7%<\/td>\n4.6%<\/td>\n2.5%<\/td>\n2.5%<\/td>\n2.8%<\/td>\n<\/tr>\n
Hungary<\/td>\n1.3%<\/td>\n-7.6%<\/td>\n-2.7%<\/td>\n0.5%<\/td>\n-1.5%<\/td>\n2.4%<\/td>\n5.0%<\/td>\n<\/tr>\n
Poland<\/td>\n5.5%<\/td>\n6.4%<\/td>\n-0.9%<\/td>\n2.2%<\/td>\n6.4%<\/td>\n4.9%<\/td>\n3.1%<\/td>\n<\/tr>\n
Slovakia<\/td>\n0.5%<\/td>\n5.4%<\/td>\n-5.8%<\/td>\n1.9%<\/td>\n-2.9%<\/td>\n-1.9%<\/td>\n-0.5%<\/td>\n<\/tr>\n
Eastern Europe (EC-4)<\/td>\n3.3%<\/td>\n2.8%<\/td>\n-1.7%<\/td>\n2.5%<\/td>\n3.6%<\/td>\n3.5%<\/td>\n3.1%<\/td>\n<\/tr>\n
Euroconstruct Countries (EC-19)<\/td>\n1.7%<\/td>\n-0.8%<\/td>\n-1.7%<\/td>\n0.2%<\/td>\n2.0%<\/td>\n2.2%<\/td>\n1.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

Construction activity across Europe is still expected to grow during the next three years, but the pace of recovery has slowed compared with forecasts published late last year.<\/p>","protected":false},"author":1,"featured_media":99074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5204],"tags":[],"class_list":["post-99073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news"],"acf":[],"yoast_head":"\nEuropean construction recovery gains traction, but housing remains the missing piece - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/european-construction-recovery-gains-traction-but-housing-remains-the-missing-piece\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European construction recovery gains traction, but housing remains the missing piece - 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