German Housing Construction Hits Lowest Approval Rate Since 2010

The number of approved housing units in 2024 dropped to 215,900, falling short of government targets and highlighting a deepening housing crisis.

In 2024, only 215,900 housing units were approved in Germany, marking a 16.8% decline from the previous year and the lowest figure since 2010.
The government's target of 400,000 new annual housing units was missed for the third consecutive year, with only an estimated 265,000 units expected to be completed in 2024.
High construction costs, rising interest rates, and complex regulations were cited as major challenges by private builders and the construction industry.
Publicly funded housing accounted for approximately 40% of approved units, but calls for increased subsidies and streamlined regulations persist.
Experts warn that the ongoing housing shortage threatens social stability, urging the next government to prioritize housing construction reforms.