Spain Construction Market Overview
Spain's residential construction market is currently expanding, with housing starts of 115K in 2023 — 34% above the 10-year average of 86K.
The country's recorded peak was 115K units in 2023. Current activity is 0% above that peak.
Among the 21 OECD countries tracked, Spain ranks #10 by total housing starts. Year-over-year change is +2.7%, reflecting a relatively stable market.
For contractors working in Spain: Rising starts typically lead to higher material demand within 3–6 months. Consider securing lumber and concrete supply early.