Slump in new residential construction accelerating

Permits for one and two-family homes not falling quite as much

The number of building permits issued in Germany continues on a downward path, although the downturn seen in the first quarter had picked up the pace by mid-year. The number of permits to build residential and non-residential buildings dropped more than in the first three months of this year (-6.6%) with a 7.9% dive ...

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