Downward trend in dwelling approvals continues in March

In March 2022, building approvals for dwellinga in new residential buildings decreased by 9.3% vis à vis the comparative month of the preceding year to 30,227 units. According to the Federal Statistical Office (Destatis) the decline recorded in February (-7.9%) thus slightly intensified. In January (+9.4%), the preceding year’s figure had still been exceeded. The decline in March resulted from decreased approvals for detached houses (-38.5% to 7,731 units) and living units in semi-detached houses (-23.9% to 2,946 units). Approvals for living units in multi-family houses, by contrast, increased by 19.5% to 18,859 units.

Accumulated over the first three months, 92,507 approvals were granted for dwellings in new and existing residential and non-residential buildings, corresponding to a decline of 3.6%. Concerning approvals for new residential buildings, Destatis recorded a similar decline to 80,603 units. Declines were also recorded in the case of approvals for detached houses (-26.2% to 20,778 units) and for living units in semi-detached houses (-3.3% to 8,426 units). For living units in multi-family houses, 49,688 approvals were granted - a year-on-year increase of 12.5%. In the case of residential homes, at 1,711 units, approval figures were around one-third lower.

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