US housing starts decline again in January

After incoming orders in German housing construction, adjusted to account for seasonal influences and calendar effects, had declined by 29.0% in November 2022, the year-on-year decline intensified to -31.8% in December. The base effect must be taken into account in this context, however, as the figure recorded in...

In French housing construction, building starts in December 2022 increased for the first time since January. According to the French Ministry of Construction (Paris), the previous year’s figure of 35,000 (Dec. 2021: 31,000) units was exceeded by 13%. In January, building starts had increased by 3% vis à vis the...

In Spain, housing construction activity in the first nine months of 2022 fell significantly short of the prior-year figures. According to figures published by the Spanish Ministry of Construction (Madrid), building starts declined in January, February as well as in each month between May and September. March was the...