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Germany Housing Permits Jump 30% in July, Signaling Tentative Turnaround

Economists say the rise reflects a depressed 2024 base, leaving the housing shortfall unresolved.

Overview

  • Destatis reports 22,100 units approved in July, up 5,100 from a year earlier, with July 2024 the weakest July since 2009.
  • Year to date, approvals reached 131,800 through July, a 6.6% increase versus 2024.
  • By type, single-family permits rose 15% to 25,400 and multi-family climbed 5.6% to 69,300, while two-family fell 6.6% to 7,100.
  • Industry data point to a sharp July rebound in blocks of flats at nearly 12,000 approvals versus about 8,300 a year earlier, with the ZDB warning short-term swings and possible reporting backlogs cloud the picture.
  • The government touts its Bau‑Turbo to quicken approvals and add density, as forecasts put 2025 approvals below 250,000 against roughly 320,000 homes needed annually.