Homebuilding Picks Up in Germany; Construction Association Revises Sales Growth Forecast - Forex News by FX Leaders
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Homebuilding Picks Up in Germany; Construction Association Revises Sales Growth Forecast

Posted Monday, June 17, 2019 by
Arslan Butt • 1 min read

According to German construction industry association HDB home sales growth is expected to pick up to 8.5% YoY. HDB revised its estimate from 6% previously on account of a boom in homebuilding in Germany.

HDB anticipates around 300,000 homes to be built in 2019, which is less than the government’s goal of seeing 375,000 homes constructed during this period. The association also expects home sales in Germany to increase by 5-6% in 2020.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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