The study reviews the current situation in the Russian housing construction market under declining demand and less affordable mortgage lending, sanctions and increased Central Bank key rate, as well as high inflation conditions. The study uses the methods of comparative and statistical analysis, as well as systematization of theoretical and practical material. The analysis is based on the data of 2019–2024 from the Unified Information System for Housing Construction and the Federal State Statistics Service. The federal district leaders for commissioning residential buildings are presented. In addition to the current state of housing construction and prospects for its development, we analyze the reasons for the active industrial growth independent of the pandemic, sanctions, and high inflation. The focus is on the effect of cancelled preferential mortgages, increased key rate by the Central Bank, as well as the population demand and affordable mortgage lending. The reasons for the decrease in issuance of housing mortgage loans are considered compared to previous periods. Amendments to the legislation in the construction industry are listed and commented. The performed study identifies factors negatively affecting the development of the construction industry and provides possible measures to support housing construction.
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Abmaeva et al. (2025) studied this question.