News

Australia: Dwelling permits Lowest Since January 2017

In November 2018 the dwelling permits were slightly above 16.150 units in Australia. Compared to the previous year, building permits decreased by -31,3%. The negative trends started in July 2018 and is expected to continue in 2019.

Finland: Dwelling permits decreased for 8 months in row

After the two digit growth of building permits in 2016 and 2017, the number of dwellings permitted in 2018 is decreasing sharply in Finland. In October 2018, the dwelling permits were close to 3.000 units. Compared to the boom-year 2017, building permits decreased for the 8th month in row. Based on this data the B+L forecast for the current year leads to a yearly negative growth rate of -1,5%. Nonetheless, construction investments for residential building grew in 2018 due to the high number of permits from the previous years.

Czech Republic: Dwelling permits Lowest in 8 Months

In November 2018 the dwelling permits were around 2.400 units in the Czech Republic. This is -16,5% under the annual average and the lowest since March 2018. Put this number next to the last 10 years, and the highest value can be found back in May 2008, which is 4.686 units while the lowest value was 1.659 units in January 2015. Compared to the year before, the value has decreased by -4,2% and compared to October, we have a decrease of the value by -13,1%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of -3,2%.

USA: Completions for residential buildings increased in 2018

The development of the number of dwellings completed during the last two months draws a wrong picture of the current development in the US: Although, the number of dwelling completed decreased in October and November 2018 compared to the previous year, completions increased by +4,2 % from January to November 2018 compared to the same period in 2017. Accordingly, residential building is facing another successful year after 2017.

Macedonia: Dwelling permits increased in October 2018

In October, 1.591 dwellings have been permitted in Macedonia. Compared to October 2017 the value increased by 71,3%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of 5,1%. With the expansion of the construction industry in Macedonia, combined with the current political turmoil concerning the change of the name, we have a unique and delicate situation that leads to bigger issues. The new buildings have been permitted with an idea for bigger profits as a first priority and rumours as well as doubts about their quality have been circling this whole year. Experts suggest to watch out when purchasing new properties because safety and comfort always take precedence over looks.

Norway: Building permits decreased in September and October

After permits for residential buildings increased in July and August, less dwellings have been permitted in September and October compared to previous year. Based in the monthly data and the consideration of additional indicators B+L expects permits for residential building to decrease by -1,6 % in 2018 compared to 2017.

Croatia: Dwelling permits Highest in 7 Months

In September 2018 the dwelling permits were 1.209 units in Croatia. This is 19,0% over the annual average and the highest since February 2018. If we put this next to the last 10 years, the highest value was 5.119 units in December 2008 and the lowest value was 412 units in July 2014. Compared to the year before the value increased by 43,8% and compared August, we have an increease of the value by 25,8%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of -3,4%.

Hungary: Non-residential building permits up 15,5% Compared to Last Month

In October 2018 the non-residential building permits were 455.846 m² in Hungary. In comparison to the last 10 years the highest value was 717.590 m² in August 2017 and the lowest value was 110.457 m² in January 2011. Compared to the year before, we have an increase of the value by 76,6% and compared to September,  the value has increased by 15,5%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of -6,6%.

Czech Republic: Dwelling permits Rise to 4-Month High in October 2018

In October 2018 the dwelling permits were 2.789 units in Czech Republic. This is -4,0% under the annual average and the highest since June 2018. In comparison to the last 10 years the highest value was 4.686 units in May 2008 and the lowest value was 1.659 units in January 2015. Compared to the year before, the value has decreased by -7,2% and compared to September, we have an increase of the value by 9,0%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of -3,2%.

Australia: Dwelling permits Highest Since July 2018

In October 2018 the dwelling permits were 17.918 units in Australia. This is 13,4% over the annual average and the highest since July 2018. In comparison to the last 10 years the highest value was 23.501 units in November 2017 and the lowest value was 7.431 units in January 2009. If we compare this to the year before, we have a decrease of the value by -11,5% and compared to September, the value has increased by 6,4%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of 2,5%.

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Robin Huth
T.: +49 228 62987-21
Email: RH@BL2020.com