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Construction

Theme in brief

Building activity

The statistics on building activity deal with building permits, construction work completed in building construction, work under construction at the end of the year, demolition of buildings and current adjustment of the stocks of residential buildings and dwellings.
The results of the statistics on building activity are very important as early indicators of the short-term economic development.

IN FOCUS / 2017-05-09

Low interest rates - more building permits

The number of building permits for dwellings has steadily increased since 2008. In 2016, the number of dwellings for which building permits were granted reached a record high (375,400) since 1999 (437,000). Compared with a year earlier, this was an increase of 19.8%.

One reason for this positive trend may have been the extremely low interest rates which made building especially attractive. Besides, real property is regarded as an interesting investment opportunity in times of low savings interest rates. This is especially true for the cities where housing supply is becoming increasingly tight.

The rising number of building permits in turn has effects on the construction industry. Here, the turnover of the main construction industry (regarding enterprises with 20 or more persons employed) increased by 7.5% to 70.9 billion euros in 2016 compared with 2015.

Tables

Construction industry
Short term surveys

Construction industry: Short Term Surveys

Main construction industry and building completion work

Volume index of orders received in main construction industry

Index of orders on hand in main construction industry

Additional Information

Press

Piktogramm Presse

For current press releases on the theme of construction please go to our press pages.

© Statistisches Bundesamt (Destatis), 2017

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