Germany Construction Market Overview
Germany's residential construction market is currently contracting, with housing starts of 260K in 2023 — 22% below the 10-year average of 333K.
The country's recorded peak was 380K units in 2021. Current activity is -32% below that peak.
Among the 21 OECD countries tracked, Germany ranks #4 by total housing starts. Year-over-year change is -11.8%, reflecting declining permits and reduced construction activity.
For contractors working in Germany: A contracting market may create opportunities to negotiate better material pricing or lock in subcontractor rates.