Indicators to monitor and follow construction investment

Angel Luis Gómez and M.ª del Carmen Sánchez ()
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M.ª del Carmen Sánchez: Banco de España

No 1705, Occasional Papers from Banco de España

Abstract: This paper presents the indicators available to monitor construction investment and forecast its short-term evolution, in the case of the Spanish economy. In addition, it is described a procedure followed to estimate medium-term forecasts for housing investment, mainly based on demographic fundamentals that determine the demand for primary dwellings. The analysis takes into consideration a number of features of the construction sector: long maturity period supply, heterogeneous products, and regional disparity.

Keywords: construction investment; synthetic indicators; housing investment; expert judgment. (search for similar items in EconPapers)
JEL-codes: E22 E27 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2017-07
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:1705

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