A total figure of around US $3,300 billion was invested in the residential building sector worldwide in 2016, equivalent to more than 4% of global GDP.

U.S. residential construction market is made up of two main segments: new residential construction, the most important sector for ceramic tiles, furniture, electrical appliances and other house products; and new home sales, generating home improvement spending

The strong market performance is expected to improve further ahead of Expo 2020.

A million houses ready for renovation can be a driver for recovery and a great investment opportunity as a renovated home can see its value increased by up to 35%