The Russian construction industry experienced volatile growth during the last five-year period. The sector is expected to remain somewhat unstable and grow at a moderate pace.

The construction industry is strongly correlated with the building materials and housing markets, which means that the growth of the construction industry increases when the cost of building materials is low. This is the case when there are not enough houses or apartments on the market and there is a high demand but low supply, so that new residential or commercial properties need to be built. The market is influenced by numerous factors, including inflation, unemployment, and GDP (gross domestic product). The construction market in emerging economies is more likely to boom, as consumers become wealthier and the demand for housing increases, which would increase the demand for building materials, or in countries where a large proportion of exports are construction materials.