Sinking of houses under construction Why were 83% of the construction workshops not completed in 1403?
In 1403, 210,000 residential construction workshops were operating in the cities, and some of them had started building at least two years before.
But in 1403, only 40,000 workshops were completed and 84% of construction projects remained "unfinished or half-finished".
The rate of unfinished construction workshops was lower in the survey conducted by the Statistics Center in 1,402; 78 percent. The meaning of the situation in 1403 is that approximately 772 thousand housing units under construction "sink" in the housing production market and the builders have no "possibility of completion".
In addition to the statistics related to workshops, the number of housing units completed in the years 1,403 and 1,404 is a sign of confirmation of the blockage in the construction market and the new housing supply market.
Over the past few years, the output of housing units from the average construction market has been 20% lower than the input, i.e. the start of construction.
What created the "bottleneck of the supply of housing units under construction to the consumer market" was the inflationary conditions and the instability of construction costs in recent years on the one hand and the lack of effective buyers in the housing market for the easy sale of newly built units on the other hand. Expect the housing market.