The construction industry also expects a boom in 2017
The construction industry believes in a continuation of the residential construction boom also in the coming year. "A plus of ten percent is realistic," said Peter Hübner, the president of the German Construction Industry, the "World".
This is expected to be 2017 "clearly more than 300,000 dwellings".
we expect growth of five percent in the construction industry." 2017 will probably be "similarly good"; The "almost historically high order backlog" suggests.
In addition to residential construction, according to Hübner, the road building driver is also the driver of development. Less clear is the situation in the investment of companies in new offices, factories or warehouses. "Issues such as brewing or uncertainty about US economic policy may have an impact," Hübner said.
This is expected to be 2017 "clearly more than 300,000 dwellings".
Ups in all areas
Hübner judged the situation of the industry as good. "It is the first time in more than 20 years that we have seen a boom in all construction sectors at the same time," he said. "For 2016,we expect growth of five percent in the construction industry." 2017 will probably be "similarly good"; The "almost historically high order backlog" suggests.
Still too few apartments
Already in the first nine months of this year, according to the Federal Statistical Office, the new or conversion of 276,300 apartments had been approved. This was the highest level since 1999. According to the construction industry, however, the annual demand is around 400,000 apartments.In addition to residential construction, according to Hübner, the road building driver is also the driver of development. Less clear is the situation in the investment of companies in new offices, factories or warehouses. "Issues such as brewing or uncertainty about US economic policy may have an impact," Hübner said.
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