A review of key indicators of the construction industry, the structure of housing construction, and factors that will influence the market in 2026v
According to Rosstat, 149.62 million square meters of real estate will be commissioned in Russia in 2025—the highest figure since statistics were compiled and 2.3% more than in 2024. Nonresidential real estate commissioning reached 41.47 million square meters, 8% higher than the previous year. Residential real estate commissioning reached 108.15 million square meters, up 0.4% from the previous year. The dynamics were uneven throughout the year: a decline was recorded from April to September, but the figures returned to growth in October and December. In December, 16.6 million square meters were commissioned, 19.2% more than in December 2024.

The private housing construction (PHC) sector delivered positive growth for the year, accounting for 59% of total housing completions. Over the course of the year, 63.5 million square meters were completed, 2% higher than the 2024 target. In December, PHC completions increased 2.5 times year-on-year to 4.1 million square meters. This rapid growth is explained by the low baseline of December 2024, when private home completions fell by 74% to 1.6 million square meters.
The multi-apartment building (MAB) segment closed 2025 with a slight decline: 44.6 million square meters were commissioned, a 2% decrease from the previous year. New project launches also declined: 41.3 million square meters were started in 2025, a 12% decrease from 2024. According to DOM.RF, the decline primarily affected projects scheduled for completion in 2027. Should demand increase in the future, this could lead to a limited supply of near-complete properties.
According to market experts, the 2025 trend was moderately positive and generally stable: despite tough financial conditions and subdued demand, the industry maintained a positive performance, but a sharp increase in 2026 is not expected. The multifamily construction sector will likely remain under pressure from high project financing costs, interest rates, and limited demand. The bulk of new construction will come from projects launched in previous years.
Thus, the construction industry is entering 2026 without a sharp decline or accelerated growth. Companies are adapting to the current conditions, adjusting the pace of new project launches and their supply structure. For manufacturers and suppliers of fasteners, hardware, and consumables, Fastenex 2026 will be an opportunity to present their products to construction industry professionals and establish direct business contacts.