Structural change in the housing industry

Abstract

A vitally important housing issue in the next two decades is the projected diminished need for new house construction. This long-term trend when combined with the present situation of dramatically reduced new house construction has far-reaching implications for the new housing industry. The primary and most obvious change that can be expected is the shift of activity from new construction to the rehabilitation of existing residential stock. The study was undertaken to examine both the short-term and long- term implications of reduced new house demand on the housing industry and from this information consider appropriate public policy intervention. The research objectives were identified as: * To critically examine and document changes in the demo- graphic structure and housing market situation, which are likely to lead to contraction of the new residential construction industry in the Canadian and local Winnipeg context. * To examine structural changes which are occurring in the Winnipeg housing industry and their effects. * To consider alternative functions for the new house industry. * To consider the appropriate prospective role of public policy intervention at the federal, provincial and municipal level to mitigate the negative effects of industry contraction and fragmentation.