Swedish Housing Construction Forecasts Signal Gradual Growth Through 2027

According to Boverket's latest building forecast released in December, housing construction in Sweden is showing signs of a cautious but positive upswing. The agency projects around 32,000 housing units will begin construction in 2023, with 30,000 attributed to new builds and 2,000 to renovations. Looking further ahead, the forecast estimates an increase to 35,000 housing starts in 2026 and approximately 37,000 for 2027.

Oskar Gramstad, a national economist at Boverket, highlighted that "the housing construction in the second half of 2025 has been stronger than we anticipated in our summer forecast," describing this progress as "more like a flashlight than a spotlight," indicating cautious optimism within the sector.

This positive adjustment comes amid broader economic signals suggesting improving household finances, although challenges remain. While retail sectors are buoyed by anticipated increased consumption and VAT cuts on food, high unemployment and business bankruptcies persist, posing economic uncertainties.

The steady projected growth in new housing starts reflects a gradual but promising trend after years of fluctuation. The housing sector appears poised to support Sweden's economic activity with a modest increase in construction momentum through the mid-2020s.