Housing Starts in Russia decreased to 4.60 Million Sq Meter in May from 4.80 Million Sq Meter in April of 2019. Housing Starts in Russia averaged 4.50 Million Sq Meter from 1996 until 2019, reaching an all time high of 19.70 Million Sq Meter in December of 2014 and a record low of 0.40 Million Sq Meter in January of 1996.
Housing Starts in Russia is expected to be 5.70 Million Sq Meter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Starts in Russia to stand at 5.90 in 12 months time. In the long-term, the Russia Area of Total Dwellings Commenced is projected to trend around 22.40 Million Sq Meter in 2020, according to our econometric models.