Italy Construction Market Overview
Italy's residential construction market is currently contracting, with housing starts of 70K in 2023 — 10% above the 10-year average of 64K.
The country's recorded peak was 73K units in 2022. Current activity is -4% below that peak.
Among the 21 OECD countries tracked, Italy ranks #11 by total housing starts. Year-over-year change is -4.1%, reflecting a relatively stable market.
For contractors working in Italy: A contracting market may create opportunities to negotiate better material pricing or lock in subcontractor rates.