Sweden Construction Market Overview
Sweden's residential construction market is currently contracting, with housing starts of 35K in 2023 — 29% below the 10-year average of 49K.
The country's recorded peak was 63K units in 2017. Current activity is -45% below that peak.
Among the 21 OECD countries tracked, Sweden ranks #14 by total housing starts. Year-over-year change is -31.6%, reflecting declining permits and reduced construction activity.
For contractors working in Sweden: A contracting market may create opportunities to negotiate better material pricing or lock in subcontractor rates.