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# Credit Crunch Construction
Progress Halted on Worldwide Super-Structures

By Going Like Sixty | Published 2009-02-27 | Art & Design
Source: Trend Hunter, https://www.trendhunter.com/trends/major-buildings-collapsing-uber-structure-construction-paused-around-the-wo
References: [oobject](http://www.oobject.com/15-skyscrapers-on-hold/bdnicenter-jakarta/5041/)

As credit from banks and major lenders just refuses to loosen--even for ongoing projects all over the world--[major city projects](https://www.trendhunter.com/trends/shop-architects-hudson) are coming to a screeching halt. Many of these projects were featured on TrendHunter.com when they were announced.

Dubai has been hit the hardest because they were the most aggressive with [building superstructures](https://www.trendhunter.com/trends/bdo-unibank-inc), but the collapse of building projects is a worldwide phenomenon.

**Implications** - With the lack of liquidity in the market, expensive purchases have slowed to a halt. The lack of credit offers the opportunity for [increased creativity](https://www.trendhunter.com/trends/unfold-form) to come into play when conceiving of a design or product. Consumers have not stopped purchasing, but rather, what they are purchasing has changed.

## Trend Insights (Trend Hunter)

- Score: 3.1/10
- Popularity: 72% | Activity: 14% | Freshness: 8%
- Audience gender: 50% men, 50% women
- Primary generations: Millennial, Gen X
- Top markets: North America, Europe, Asia

## Categories

[Trend Hunter](https://www.trendhunter.com/trends) > [Art & Design](https://www.trendhunter.com/artdesign) > [Design](https://www.trendhunter.com/design)

## Key Themes

### What's Driving This Trend

- **Slowdown in Construction Projects:** The lack of credit in the market has resulted in a halt in construction projects, creating a need for innovative solutions.
- **Increased Creativity in Design:** With the lack of liquidity, there is an opportunity for increased creativity in designing products and structures.
- **Shift in Consumer Purchasing:** Consumers are still purchasing, but the lack of credit has changed their preferences, presenting new opportunities for disruptive innovation.

### Who This Affects Most

- **Construction:** The construction industry is being heavily impacted by the lack of credit, leading to a need for innovative approaches and solutions.
- **Design:** The design industry can take advantage of the increased need for creative solutions in product and structure design due to the credit crunch.
- **Consumer Goods:** The credit crunch has caused a shift in consumer purchasing behavior, creating opportunities for disruptive innovation in the consumer goods industry.

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