New orders in residential construction remain at very high level

07.10.2021: In the year to July, the German construction industry achieved sales of 50,4 billion euros, around 1 billion euros below the level of the previous year....

Martin Langen by Martin Langen
DE
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Shortage of materials in construction flattening out, business climate in the construction sector improving

07.10.2021: The situation on German construction sites was precarious for months. Delays in deliveries, increases in the cost of building materials and the lack of materials availability led to delays in construction work....

Martin Langen by Martin Langen
DE
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Offices become an anchor

07.10.2021: Anyone who has been studying building permit data for some time knows that there can often be sharp 2-digit swings up and down in non-residential construction....

Martin Langen by Martin Langen
DE
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Permit numbers remain high

07.10.2021: Even though building permits declined slightly by 0,9% in July compared to July 2020, they remain at a high level....

Martin Langen by Martin Langen
DE
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Business climate softens slightly

07.09.2021: In the first lockdown in 2020, the ifo business climate index plummeted across the economy, as was also the case in the financial crisis of 2009. However, business...

Martin Langen by Martin Langen
DE
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Offices become an anchor

Offices become an anchor

07.09.2021: In the segments of industrial buildings (-30,0%), commercial and warehouse buildings (-31,0%) and hotels (-3,0%), building permits in June 2021 have...

Martin Langen by Martin Langen
DE
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Stable high permit numbers

Stable high permit numbers

07.09.2021: In most commentaries on building permit figures, the first reference is "to the same month of the previous year". This is not wrong for the orientation of the current level, but it is...

Martin Langen by Martin Langen
DE
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Housing loan portfolio has been rising steadily for years

07.09.2021: At the beginning of 2020, mortgage rates had reached a new low. At 0,62% interest for a 10-year loan, loans were more than affordable. In the meantime, the interest rate is already...

Martin Langen by Martin Langen
DE
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The state begins to close the investment gap

16.08.2021: In May 2021, building permits for offices, industrial and commercial buildings also declined compared to the previous year. In contrast...

Martin Langen by Martin Langen
DE
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High permit level continues

16.08.2021: Even though residential building permits rose by only 2,1% year-on-year in May, we have...

Martin Langen by Martin Langen
DE
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Construction industry defies decline in business climate

16.08.2021: In July, the ifo Business Climate Index fell to 100,8 points. The month before, it had still stood at...

Martin Langen by Martin Langen
DE
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Will there be another summer rebound?

13.07.2021: Already at the beginning of 2021, or during the 2nd and 3rd Corona waves, the question was whether the German economy would again be able to move swiftly out of the crisis or whether the damage would be so great that recovery would be rather sluggish....

Martin Langen by Martin Langen
DE
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Companies remain hesitant in 2021

13.07.2021: The Real Estate Climate reached a value of 38,6 points in the survey of the 2nd quarter. This corresponds to an...

Martin Langen by Martin Langen
DE
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Shortage of materials leads to lower project realisation in 2021

Shortage of materials leads to lower project realisation in 2021

13.07.2021: Compared to the last Market Briefing, the completion forecasts have been adjusted somewhat. Instead of...

Martin Langen by Martin Langen
DE
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Explosive growth in EFH permits will not last forever

Explosive growth in EFH permits will not last forever

13.07.2021: The reason for the strong growth this year is the high demand for single-family homes in the first quarter. The following graphs and tables show the development of the monthly permits for single-family homes received by Destatis since ...

Martin Langen by Martin Langen
DE
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Green Deal - what does that mean in concrete terms for construction?

13.07.2021: In the course of discussions about advancing climate change, the EU Commission around Ursula von der Leyen has dedicated itself to the task of developing a framework plan for climate neutrality by 2050. In addition to the classic topics of renewable energies, innovations and transport reform, however...

Martin Langen by Martin Langen
DE
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What will happen in residential construction in 2021?

10.06.2021: Building permits in Germany increased by 2,9% in 2020 despite the crisis. This trend is based on the one hand...

Martin Langen by Martin Langen
DE
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Building completions with a plus of 5,0% in 2020

Building completions with a plus of 5,0% in 2020

10.06.2021: The Federal Statistical Office published the figures for housing completions for 2020 at the end of May. According to these...

Martin Langen by Martin Langen
DE
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Economy recovers - non-residential construction benefits from 2022 onwards

10.06.2021: In non-residential construction, we have also revised our forecasts upwards. The decline in permitted...

Martin Langen by Martin Langen
DE
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Catch-up effects of the companies in 2021

Catch-up effects of the companies in 2021

10.06.2021: An observable trend in non-residential construction is currently the resumption of construction projects by companies that were already planned before the crisis. We had already assumed this in 2020...

Martin Langen by Martin Langen
DE
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Germanys real estate economy continues to grow

Germany's real estate economy continues to grow

10.06.2021: The Deutsche Hypo REECOX is an indicator for the development of the real estate economy in parts of Europe. It comprises the real estate economic indices from 6 countries (DE, UK, FR, PL, ES, NL). The Hypo REECOX was...

Martin Langen by Martin Langen
DE
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Massive increase in savings rate in 2020

10.06.2021: The publications of the German statistical office within the framework of the national accounts show that the savings rate in Germany rose from...

Martin Langen by Martin Langen
DE
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Hopes for post-Corona boom are high

10.06.2021: At the beginning of 2021, the economy slumped again due to the lockdown. GDP fell by...

Martin Langen by Martin Langen
DE
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Federal government tightens regulations for new buildings from 2022 onwards

Federal government tightens regulations for new buildings from 2022 onwards

10.06.2021: Building permits in Germany increased by 2,9% in 2020 despite the crisis. This trend is based on the one hand on the value of "real estate" and on the other hand...

Martin Langen by Martin Langen
DE
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Residential construction with improved prospects, especially for EFH

Residential construction with improved prospects, especially for EFH

10.05.2021: The last Market Briefing already discussed the problems that arise among the German population when it comes to the topic of "real estate as an investment". Forsa conducted a survey on behalf...

Martin Langen by Martin Langen
DE
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Desire for home ownership intensifies

Desire for home ownership intensifies

10.05.2021: In addition, the survey concluded that homeowners are generally more satisfied than tenants. 64% of the respondents say they have...

Martin Langen by Martin Langen
DE
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Construction activity swings toward renovation sector

Construction activity swings toward renovation sector

10.05.2021: Of course, potentially improved permit forecasts also have an impact on our forecasts regarding residential construction activity. Looking at residential completions, B+L assumes a ...

Martin Langen by Martin Langen
DE
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2020 in non-residential construction even weaker than expected

10.05.2021: In the last Market Briefing, B+L reported a massive drop in non-residential building permits at the end of 2020, which further dampened the overall result for 2020. Ultimately, permits...

Martin Langen by Martin Langen
DE
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Prices continue to rise - but who does that affect?

Prices continue to rise - but who does that affect?

10.05.2021: In recent weeks, rising producer prices have caused an enormous stir in the construction industry. Already since the beginning of the year, media reports have been piling up regarding rising material costs in construction. Among others, the German...

Martin Langen by Martin Langen
DE
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Stagnation is the watchword of the German economy

10.05.2021: After the index was able to break out of its sideways movement last month, it rose slightly in April. At 96,8 points, the increase...

Martin Langen by Martin Langen
DE
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Correction of residential building permits from 2022

Correction of residential building permits from 2022

06.04.2021: Ab dieser Ausgabe des Market Briefings fügen wir zu unseren Bauprognosen dauerhaft auch das Jahr 2023 hinzu. Bei den Wohnbaugenehmigungen bleiben unsere Prognosen für 2021 und 2022 im Vergleich zur letzten Ausgabe unverändert. Wir rechnen weiterhin mit einem Wachstum der Genehmigungen um...

Martin Langen by Martin Langen
DE
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2020 in non-residential building even weaker than expected

06.04.2021: In the context of non-residential construction, we now have the preliminary result figures for 2020, which at...

Martin Langen by Martin Langen
DE
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What will happen to the offices after the crisis?

What will happen to the offices after the crisis?

06.04.2021: Due to the obligation introduced by the federal government to offer home office, i.e. the obligation for employers to grant home office to their employees where possible, the share has now increased...

Martin Langen by Martin Langen
DE
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Real estate as an investment - whats the problem?

Real estate as an investment - what's the problem?

06.04.2021: The Institute of the German Economy has published an expert opinion on the opportunities in the housing market through wealth creation. Based on this evaluation, B+L has made an assessment...

Martin Langen by Martin Langen
DE
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Sparkasse records more deposits

06.04.2021: Kreissparkasse Köln, Germany's third-largest savings bank, is seeing increased deposits from retail customers as the savings rate rises. Compared to 2019, the deposit portfolio of private customers rose...

Martin Langen by Martin Langen
DE
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Construction and finishing trades on the rise - renovation sector benefits from subsidies

Construction and finishing trades on the rise - renovation sector benefits from subsidies

06.04.2021: By now, many are aware that the Corona year 2020 hardly hurt the German construction industry. Destatis has now also published the final results for the construction industry and the 2020 financial year. The annual...

Martin Langen by Martin Langen
DE
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Economy recovers - but beware!

06.04.2021: The ifo Institute publishes the ifo Business Climate Index every month. This is based on approx. 9.000 monthly reports from companies in various sectors. After 3 months of sideways movement...

Martin Langen by Martin Langen
DE
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Rents stagnate, prices rise - how does that fit together?

09.03.2021: The F+B Residential Index represents the average of the price and rent development of residential properties for all municipalities in Germany. In Q4 2020, the index rose by...

Martin Langen by Martin Langen
DE
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Construction and urban development face important changes

Construction and urban development face important changes

09.03.2021: The fact that housing is scarce in major citites and university cities is a well-known problem that is expected to get worde in the coming years. At the same time...

Martin Langen by Martin Langen
DE
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Business climate index shows good start to the year for the industry despite lockdown

09.03.2021: The ifo Business Climate Index rose by...

Martin Langen by Martin Langen
DE
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Special pot ventilation systems falters

Special pot "ventilation systems" falters

09.03.2021: In mid-October 2020, a funding programme for the retrofitting and upgrading of air conditioning systems in public buildings was adopted...

Martin Langen by Martin Langen
DE
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New funding programme for efficient buildings

09.03.2021: Within the framework of the so-called Green Deal of the European Union, the German government is also forced to act. At the European level, the target agreement was set from...

Martin Langen by Martin Langen
DE
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Residential construction driven by real estate demand

Residential construction driven by real estate demand

09.03.2021: In this edition of the Market Briefing, our forecasts are slightly more positive than last month. In the area of residential building permits, we are now expecting...

Martin Langen by Martin Langen
DE
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Germany is tougher than other countries

Germany is tougher than other countries

09.03.2021: The 2nd lockdown, starting with the restaurant closures at the beginning of November, will have been in force for 125 days on March 7th, while the 1st lockdown...

Martin Langen by Martin Langen
DE
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China responds to new challenges - Construction Insights #1

China responds to new challenges - Construction Insights #1

19.11.2020: In the following you will read an interview with Dr. Marcus Schütz, who not only worked for the VW Group in China for twelve years, but currently also holds a teaching position at the University of Hong Kong...

Martin Langen by Martin Langen
CN
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