Housing Construction Industry Research Articles

APPRAISAL OF ROLE OF PUBLIC SECTOR AS AFFORDABLE HOUSING PROVIDER

Housing, besides being a very basic requirement for the urban settlers, also holds the key to accelerate the pace of development. Investments in housing construction industry have a multiplier effect on income and employment has forward and backward linkages to about 280 associated industries. The overall employment generation in the economy due to additional investment in housing construction is 8 times the direct employment. So, investment in housing is an effective instrument in the eradication of poverty in the sense that it helps growth in the productivity of the poor, and supports growth of economy, which is otherwise not achieved through subsides and in turn helps in safeguarding the future of our cities by making them slum free and ensuring planned future development. This paper aims at discussing some of the important issues relating to affordable housing that would lead to sustainable urban development in India, with special reference to Amritsar city. It deals with the housing shortage in affordable housing segment and further increase in shortage of such housing and the increasing gap between supply and demand of affordable housing with special reference to Amritsar.

Assessment of the Impact of Migration Processes on Pricing in the Residential Real Estate Market in the Russian Federation

The dynamics of the housing construction industry can be seen as an indicator of the level of social and economic development of the country. The attractiveness of residential real estate is largely determined by price availability for the population. However, it is important to consider demographic factors. Therefore, the study assessed the effects of migration, along with parameters such as salary dynamics, mortgage lending and construction volumes of the Russian Federation. The purpose of the study is to justify the importance of migration dynamics to change the value of residential real estate. The subject of study is the existence of dependence of migration processes and pricing dynamics taking into account additional parameters of the country’s economy. The object of the study is pricing in the residential real estate market in Russia. Research methods are vector autoregression models (standard and Bayesian ones). Monthly data of official statistics for Russia for 2011–2021 as well as scientific articles and published studies of employees of the Bank of Russia were used as the information base. The initial hypothesis of the study is that the factor of migration significantly affects the final indicator of the cost of housing. The analysis made it possible to determine the importance of factors that have a sustainable long-term impact on the dynamics of prices in the residential real estate market.

Transition and Integration Effects in the Baltic Housing Markets: The Dipasquale-Wheaton Approach

Abstract This paper analyses housing market developments in the Baltic States using a price-rent (PR) adjusted version of the DiPasquale-Wheaton (DPW) model as a frame of reference. Relating housing markets in Estonia, Latvia and Lithuania to the boom, the bust and the recovery after the financial crisis in 2007/2008, the paper discusses the interrelations between the different parts of the housing market system. Transition involves structural shifts, and the links between rental housing, owner-occupied housing and the housing construction industry might differ in the Baltics compared to mature economies, differences originating especially on the supply side of housing markets. As the Baltics are integrating their economies with the EU, housing markets may also be affected by the integration process, a process that includes factors both on the financial side and on the real side of the economy.

ПРОБЛЕМЫ ПОДГОТОВКИ УПРАВЛЕНЧЕСКОЙ ОТЧЕТНОСТИ ЗАСТРОЙЩИКАМИ НА ОСНОВЕ ТРЕБОВАНИЙ МСФО

The article considers the main problems of the process of preparing management reports by developers based on the requirements of IFRS in terms of shortening the time of its preparation, changes during the implementation of the housing construction project. The key reporting of the main activity of the developer for the construction of construction facilities is the project documentation. Management reporting based on IFRS requirements is an important reporting of a developer, containing the results of its activities both for an individual developer and for a group of companies to which this developer belongs. Due to the growth of the housing construction industry and increased competition, developers, in order to increase their investment attractiveness, publish various information on the results of their main activities for the construction of housing construction facilities on a quarterly basis, including for the purpose of increasing transparency of its results. The requirements for the placement of project documentation are established at the legislative level, and regarding the placement of additional information in the form of management reports based on the requirements of IFRS as a whole for the group of companies to which the developer belongs, there is no obligation at the legislative level, therefore, the form, scope, methodological approaches and requirements for the posted information are decided by the developer himself. The preparation of the developer’s management reports covers several processes of the developer, which may have their own hidden risks and problems. According to the results of the study, the author identifies a list of problems that cause the greatest difficulties and hinder the preparation of management reports of the developer based on the requirements of IFRS in a short time, provides a classification of these problems for the subsequent search for solutions to them.

Пути совершенствования жилищной политики в России

The article provides a brief overview of the situation in the Russian economy one year after the imposition of sanctions by the United States, European countries, and their allies because the special military operation was launched in Ukraine. The assessment of the difficult situation of the housing construction industry for 2023 is given. This evaluation became possible due to an imbalance of supply and demand, because of high real estate prices and a large number of unsold flats, and because of decreases in demand due to purchases in 2021 of flats for the future, uncertainty about the future, and reduced purchasing power of citizens. Assuming a long period of sanctions, the author’s vision of ways to improve housing policy is presented, which can become one of the main drivers of social and economic development of Russia under sanctions. The key proposal is to change the emphasis in housing policy from high-rise to low-rise individual housing construction. This fact will help to maintain production by companies that are connected with housing construction industry. Low-rise housing construction will contribute to the inclusion of urban districts in the agglomeration. It is suggested to stimulate the development of the market of individual low-rise housing by expanding the list of preferential mortgage programs, increasing funding, using public-private and municipal-private partnerships, founding construction savings banks, using digital technologies and ecosystems. To set the strategic goals of housing policy and to monitor the effectiveness of its further implementation, the author’s methodology for calculating a generalized integral indicator is proposed. It takes into account the development in the economic, housing, and digital spheres.

Innovation and Human Capital Position in Housing Construction Industry Performance: Evidence from Malaysian

Innovation and Human Capital Position in Housing Construction Industry Performance: Evidence from Malaysian

A Just Transition for Labour: The Challenges of Moves to a Circular Economy

Proposals for a just transition for labour have been largely restricted to debates about transitions from the coal and oil industries. However, the transitions under way, especially in the context of the climate crisis, are more widespread. Hence the debates about a just transition from carbon-intensive industries should be refined and extended; otherwise, there is a prospect of rhetorical gesturing and little substantive change. Alongside these debates, planning guidelines are in place to encourage the adoption of circular economy practices to address questions relating to material sustainability, especially in the context of the encroaching climate crisis. Relatively little attention has been given to the implications for work and employment relationships of realizing the increasingly popular ambition to reuse, recycle and re-manufacture material inputs, waste and end-of-life products. To address these themes, the focus here is on the importance of a developed worker-focused just transition in Australian housing construction, and by implication other industries. The argument is twofold. First, an effective worker-based approach means participative and engaged labour unions pursuing transition objectives. Second, moves toward a circular economy require a just transition for the workforce. Such a transition must be planned and inclusive, with workers and their organizations as active subjects in the process. Hence, different strategies are required when unions are not in a position to speak for the whole workforce. We propose that alliances based on unions and other bodies that support workers and their households (such as environmental and other advocacy groups) become critical to the creation of a sustainable and just circular economy. Alliance politics, supported by appropriate government regulation, can become the basis to overcome the partiality and fragmentation of union representation. Abstract Proposals for a just transition for labour have been largely restricted to debates about transitions in coal regions. Yet a just transition for labour should apply to all industries. Alongside these debates, planning guidelines are in place to encourage the adoption of circular economy practices to address questions relating to material sustainability, especially in the context of the encroaching climate crisis. Surprisingly, few people have considered the implications of such changes for work and employment relationships. Unless a just transition is pursued, current inequalities in the housing construction industry are likely to intensify and remain embedded. The argument is that moves toward a circular economy in Australian housing construction require a just transition for the workforce. Such a transition must be planned and inclusive.

ДЕРЖАВНЕ РЕГУЛЮВАННЯ БУДІВНИЦТВА СОЦІАЛЬНОГО ЖИТЛА

Solving the problem of increasing the level of housing provision of the population, which is acute for the national economy and society, cannot be solved without an effective system of state regulation. One of the areas of state regulation of housing construction is to promote the development of social housing construction. The solution of this task should take into account the strategic socio-economic priorities of the state and regional housing policy and be based on the principles of sustainability, justice, democracy and economic affordability of housing for socially disadvantaged sections of the population. The article is devoted to the study of the current levers of state regulation of the construction of social housing in Ukraine and the justification of promising forms, methods and tools of state intervention. The content of the "social housing" category and the peculiarities of its use were studied. Familiarization with the current provisions of the legislative and regulatory framework, which regulates the legal basis of state regulation of social housing construction, was conducted. The main problematic aspects of housing construction in Ukraine are summarized. Based on the systematization of research results, the author's scheme of the system of state regulation of social housing in Ukraine was developed. A generalization of the world practice of state intervention in the development of the processes of providing the population with social housing, state regulation of the construction and rental markets of social housing is carried out. Prospective forms, methods and tools of further practice of state regulation of social housing construction in Ukraine have been determined. It was concluded that a more active participation in the system of state regulation of social construction in Ukraine should be played by local self-government bodies, public organizations, partnerships and specialized associations. The key principles of the further development of the social housing construction industry and its state regulation outline the principles of sustainability. It was determined that social and environmental sustainability should become the strategic priorities of state regulation of social construction in the future.

ДЕРЖАВНЕ РЕГУЛЮВАННЯ БУДІВНИЦТВА ЖИТЛОВОЇ НЕРУХОМОСТІ В УКРАЇНІ

Increasing the level of provision of housing for the population of Ukraine is traditionally one of the most urgent and problematic socio-economic tasks of development. Solving this task is a priority of housing policy and should be accompanied by effective methods and forms of state regulation of housing construction both at the national and local levels of management. The article researches the current state of housing provision of the population of Ukraine, the state of the housing stock. Based on the results, the main specific characteristics that are important for the practice of state regulation of residential real estate construction are separated. The current legislative and regulatory framework regulating the activity of the subjects of the residential real estate market in Ukraine has been studied. Based on the systematization of scientific literature, the set of functions of state regulation of the housing construction industry was supplemented. The author's vision of the scheme of the system of state regulation of the construction of residential real estate is offered. It was determined that in order to ensure the effective functioning of the system of state regulation, it is necessary to build an appropriate mechanism for its institutional and organizational support. The principles of sustainable development of housing construction and the full guaranteed supply of the country's population with housing should become the dominant principles of the system of state regulation of housing construction. Separate aspects of the practice of state regulation of housing construction and the market of housing services in foreign countries are analyzed. The results of the research showed that the adoption of the Housing Code, the implementation of targeted strategic and medium-term social housing programs of affordable housing and rent for the country's population, and the further development and support of mortgage lending could be promising directions for the national practice of state regulation of residential real estate construction. Priority forms of state regulation can become public-private partnership and interaction with regional (local) governing bodies.

К вопросу об организации культурно-просветительской работы в отраслях жилищно-коммунального хозяйства и строительства

This article is an attempt to model in organizational terms the subsystem of a public association participating in the systemic management of housing and communal services and construction, responsible for cultural and educational work in this area. As a result, some "boiling points" in the housing and communal services and construction industry were identified, associated, first of all, with the lack of clear legal regulation on the part of the state in the tariff area of this area of activity. It is shown that housing education and the creation of an appropriate cultural environment significantly narrow the gap of competencies between homeowners, specialists in the field of apartment building management and specialists of management companies, increase the level of trust in relationships and provide an opportunity for the emergence of new forms of positive interaction. A conditional classification of homeowners by levels of knowledge in the field of housing and communal services and construction is proposed. The structure and approximate functionality of cultural and educational work in the frame-work of housing and communal services and construction on the basis of existing public associations in this area have been built.

A PENGEMBANGAN KAWASAN RUMAH SUSUN TERPADU TIGA BERLIAN PEGAMBIRAN KOTA CIREBON

ABSTRACT
 
 The rapid economic growth in the city of Cirebon makes migration from outside the city of Cirebon as of Cirebon, Kuningan, Indramayu, Majalengka and Cirebon city is a center for economics and business in the northeast region of West Java. Vertical development in the form of blocks of flats in the city of Cirebon is an alternative to meet the housing needs of the industrial workers in the city of Cirebon. This study aims to vertical housing construction industry workers. In this study using the method of analysis Strength Weakness Opportunities Threats (SWOT) analysis to determine the feasibility of the location for conversion to flats integrated questionnaire method to determine the interest of industrial workers to stay in the bunk house and integrated planning for building a building of 5 (five) floor designed with sketchUp and calculated with manual calculations based SNI Building Planning and ETABS application for comparison. The results of his research is the construction of flats four (4) of the building with an area of ​​7,410 square meters with every building there are 96 spacious units with each unit of 36 square meters.
 
 Keywords: Integrated Housing Area Development, SWOT Analysis, Structural Analysis.

Co-developing sustainability – a consumer-inclusive approach to wooden housing business in Finland

The housing construction industry can address sustainability issues by developing its business practices. This requires a shift from a firm-driven business logic to a consumer-inclusive approach where consumers and businesses together enhance sustainable development. By analyzing data from focus group discussions with both industry experts in the wooden multi-storey construction business and consumers residing in novel wooden buildings, this study examines how businesses can engage consumers in the development of sustainable housing. The results are presented as an iterative dialogue process that acknowledges consumers as important actors to whom innovative housing solutions should be appropriately introduced and whose lived experiences need to be understood. The findings indicate that consumer experiences can feed the creation and uptake of innovations that enhance sustainability in the construction sector. The study fosters the material aspect of sustainable housing and, by highlighting consumer participation and communication, proposes tools for its consumer-inclusive co-development.

Exploring the influence of information and communication systems for adequate housing project delivery in Nigeria

Globally, information and communication systems (ICS) are presently impacting every aspect of human activities, given its silent roles in business, learning, entertainment, construction, etc. The technologies have been widely accepted by housing construction industry stakeholders as an impetus for the delivery of adequate housing both in rural and urban neighbourhoods. Though there abound shreds of evidence that ICS play significant roles in the development of all sectors, it remains unidentified how the housing sector in Nigeria is exploiting ICS in its housing delivery processes. This study investigates the roles ICS play in the delivery of adequate housing. It also examines the influence of ICS on adequate housing delivery. The study employs a quantitative research approach using Delphi and survey questionnaire approaches to address the research objectives. A Delphi study was used to determine the influence of the identified elements on the overall adequacy of housing delivery, and the retrieved data were analysed using frequency tables and weighted mean scores. The study reveals that housing construction workers (HCWs) in the study area lack adequate knowledge of the systems; hence, the study recommends that adequate training on ICS usage should be given to HCWs for greater efficiency.

Analysis and assessment of housing affordability in the Republic of Kazakhstan

The aim of the study is to study theoretical and methodological approaches to the influence of the state program of housing construction on determining the affordability of housing for the population. Construction objects, as well as housing construction objects, lose their profitability and are not sold after delivery. The resulting decline in demand further aggravates the situation. The study analyzes the provision of housing in the Republic of Kazakhstan, and also makes calculations to determine the affordability of housing in the country. The article discusses the main indicators of the development of the housing construction industry: domestic production and consumption and market size in the Republic of Kazakhstan.The contribution to the development of the housing construction industry comes mainly from investments in the construction industry. The State Program also provides for the construction of rental housing, in accordance with standard projects for the construction of 5 and 9-storey large-panel frame houses using industrial housing technology. One of the most acute social problems in the Republic of Kazakhstan is the availability and provision of housing. This indicator depends on such factors as: the high income stratification of the population, the rate of construction of housing in the country at the regional level. The issues of housing provision in the regions of Kazakhstan were addressed through the implementation of the Regional Development Program 2020 and the state program of infrastructural development “Nurly zher”.

Changes in housing construction industry in the RF: securities as an alternative to Shared construction participation agreement

Changes in housing construction entail a corresponding reaction of the real estate market especially with regard to residential real estate since developers have lost “free” funds of shareholders-natural persons. As a result of transition to project financing volume of housing construction has decreased by 14.8% in the Russian Federation over a recent year. Housing construction is characterized by zero and negative profitability in half of entities of the Russian Federation due to low solvency of its population, according to Expert RA Agency [1]. Banks do not provide developers with financial resources in such situation. To achieve success construction companies have to raise additional capital which can be obtained from the public debt market. Improvement of transparency and reliability in the construction industry under the ongoing reform, structurization of developers groups, formation of credit-rating dossier should attract investors’ attention to builders’ securities and reduce the size of risk premium which developers-issuers have to pay today. According to the authors, entering the securities market of 20-30 huge developers in the next 2-3 years will guarantee attraction of investment flows in housing construction in an amount of up to 40 billion rubles.

Project planning system improvement in residential development project: A risk analysis

Project planning must be an integral part of the housing construction industry so that project performance can be achieved more efficient and have an impact on schedule performance. A clear and detailed understanding is needed of what is within the scope of the project and what are the risks identified in the project planning phase. Project planning is expected to be able to provide solutions to detailed work structures as well as flexibility to be able to adapt to the environment of unique project activities and to accommodate the project’s organizational system and business changes or improvements made by the company. This study aims to parse the risks in project planning of residential development projects by identifying 10 knowledge areas and 24 planning processes in the 6th edition of the 2017 PMBOK (Project Management Body of Knowledge) using qualitative risk analysis approach to create an understanding and to mitigate the high risk factor. Referring the research results, a preventive action in each of the high risk indicator has been prepared to be integrated in the planning guideline (standard operating procedure). This risk analysis performed to be used as a strategy to improve the residential development schedule performance.

New home warranty schemes: developing a theoretical comparative framework using qualitative content analysis

PurposeThe housing construction industry is one of the most lucrative sectors for developed countries. However, homebuyers are often vulnerable when left with latent building defects in their new-build house. Many nations have thus implemented new home warranty schemes to protect consumers and stimulate residential production. These warranty programs vary excessively from state to state given the distinct nature of environments. Previous studies have attempted to compare one with another but did not apply a consistent comparative method when doing so. Therefore, the purpose of this study is to identify the characteristics defining a new home warranty and to develop a standardised comparative framework.Design/methodology/approachAfter evaluating the characteristics outlined in multiple home warranty programs, a qualitative content analysis method was used to establish coding, categories and themes in order to create the framework. The methodology relied mostly on cross-referencing from academic papers, methodical reviews, government documents and professional consultant reports.FindingsThis paper reviewed warranty schemes from six countries: Canada, United Kingdom, Australia, Japan, France and Malaysia. The findings suggest that home warranty programs are defined by five main themes: political involvement; homeowner protection; financial sustainability; quality management; and dispute resolution. At the end, the research created a comparative framework of 101 codes that could be used to accurately measure the efficiency of a home warranty scheme.Originality/valueGathering all defining characteristics of new housing warranties into a unique comparative framework rectifies a gap in the literature. Such a flexible tool will aid future practitioners in the field to undertake comparative case study analysis through qualitative research methods.

Housing construction in the present-day context of decelerating economic growth

Abstract Introduction. The unwanted slowdown of the housing construction process, triggered by the coronavirus crisis, does not cancel the tasks set by the national project “Housing and the Urban Environment”. The practical analysis of the housing sector has confirmed that the economic recovery of the housing construction industry cannot be regarded as an outcome of inconsistent measures. The novelty of the approach lies in the identification of the most problematic development hurdles and their comprehensive overcoming in the context of digital transformation of residential development projects, which contributes to effective demand, optimizes the distribution of risk between construction work participants and expands the use of preventive mechanisms for the out-of-court settlement of commercial disputes arising in the construction sector. Materials and methods. A quick analysis of the current situation in the housing sector, including the one in the regions, has identified the most important factors hindering the growth of business activities in this industry. Methods of systems analysis, adjusted in terms of time and space, made it possible to apply situational analysis tools to the housing construction sector. Results. A repeated discussion of the reasons for the contraction of housing construction which is underway on discussion platforms of the Ministry of Construction of the Russian Federation, NOSTROY, RANEPA, MGSU, etc. has revealed that the comprehensive implementation of aggregated effects that accompany the transition to project funding is impossible without the implementation of the principle of “risk symmetry”, effective demand support, prevention of conflicts of interests between construction participants and the practical implementation of the potential of digital transformation of investment and construction processes in the project format at all stages of the life cycle of a construction project. Conclusions. The nurture of a qualitatively new digital environment in the housing sector will change not only its planning, controlling and expert functions, but also the evaluation and communication mechanisms, as it contributes to reduction of transaction and operational costs, boosts the efficiency and objectivity of construction control, increases trust and partnership solidarity, narrows the scope of litigation and reduces the number of bankruptcies, etc., thus, setting the stage for an accelerated recovery and growth of the housing construction.

Identification of the key investment project management factors in the housing construction sector in Poland

The aim of this paper is to distinguish a number of factors that allow for a better understanding of investment process management in the housing construction industry. The research work that we performed consisted in conducting a questionnaire survey. A total of 192 Polish companies dealing with housing construction took part in the survey. The collected questionnaire responses were then subjected to a thorough analysis and interpretation, with the use of a method called exploratory factor analysis (EFA). In a nutshell, our analysis consisted in reducing the number of survey variables (73) in order to identify a few pivotal factors (4) with the greatest impact on investment processes management in the field of residential construction in Poland. These factors include: the activity of companies in the market environment (1), pro-social policy of the state (2), highly advanced technologies (3) and the use of appropriate market relations (4). In our study, we aim to show how successful construction processes are perceived by industry professionals. The scientific method that we used allows for assignment of a certain order of priority to specific groups of questionnaire variables, dependent on the eigenvalues-related percentage of explained variation.

Analysis of domestic and foreign experience in implementing programs for reforming and developing the housing construction industry

Analysis of domestic and foreign experience in implementing programs for reforming and developing the housing construction industry