Number of housing construction permits rising somewhat faster

20/11/2018

In the first three quarters, 262,800 housing units were approved in new and existing structures in Germany, as the Federal Statistics Office (Destatis) reports. That figure is 2.3 % higher than during the same period of last year. During the periods from January to August and January to July, the increase had been at 1.9 %. In housing construction, permits increased by 3.2 % to 233,100 by September. As in August and July, the plus was due entirely to apartments in multi-family structures (+8.3 %), while permits for single family homes and duplexes dropped by 0.9 and 4.4 %. Despite this increase, the BFW does not consider this a trend reversal but fears that the upswing could be short-lived. Association President Andreas Ibel states that during the current climate survey, nearly 60 % of BFW members still reported continuing adverse conditions for new construction.


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