Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301390 
Year of Publication: 
2024
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 104 [Issue:] 7 [Year:] 2024 [Pages:] 503-506
Publisher: 
Sciendo, Warsaw
Abstract (Translated): 
This article examines the recent downturn in Germany's housing construction sector, marked by a significant drop in business climate indicators. Key factors include material shortages, order cancellations, financing constraints, and a lack of new orders, which have worsened since the COVID-19 pandemic and the Ukraine war. A central driver for this development was the sharp and rapid increase of the ECB's key interest rate and the subsequently deteriorating financial conditions for house building. A comparison with other European countries is also provided. The outlook remains bleak, with continued pessimism expected in the housing construction sector.
Subjects: 
Wohnungsbau
Branchenentwicklung
Deutschland
JEL: 
R30
R31
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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