Austria Construction Market Overview
Austria's residential construction market is currently contracting, with housing starts of 36K in 2023 — 22% below the 10-year average of 46K.
The country's recorded peak was 52K units in 2019. Current activity is -31% below that peak.
Among the 21 OECD countries tracked, Austria ranks #15 by total housing starts. Year-over-year change is -16.3%, reflecting declining permits and reduced construction activity.
For contractors working in Austria: A contracting market may create opportunities to negotiate better material pricing or lock in subcontractor rates.