Denmark Construction Market Overview
Denmark's residential construction market is currently contracting, with housing starts of 16K in 2023 — 21% below the 10-year average of 21K.
The country's recorded peak was 25K units in 2017. Current activity is -36% below that peak.
Among the 21 OECD countries tracked, Denmark ranks #20 by total housing starts. Year-over-year change is -19.0%, reflecting declining permits and reduced construction activity.
For contractors working in Denmark: A contracting market may create opportunities to negotiate better material pricing or lock in subcontractor rates.