German Housing Construction Faces Growing Order Shortage

Over half of construction firms report a lack of orders despite recent central bank interest rate cuts.

53% of housing construction firms in Germany reported a lack of orders in September, up from 51% in August.
The Ifo Institute's survey indicates that central bank interest rate cuts have not yet impacted the housing sector.
High interest rates continue to burden private households, affecting new construction projects.
While fewer orders were canceled in September, the overall number of new orders declined compared to August.
Ifo researchers caution that the situation in the housing construction sector remains serious, with no immediate relief in sight.