German Home-Building Hits Highest Level Since 2006

More homes were constructed in Germany in 2015 than in any year since 2006, but housebuilding still fell short of what the government says is needed amid a record influx of migrants.

Some 247,700 homes were built last year, up 1 percent from the previous year, data from the Federal Statistics Office showed on Monday — the highest since the 255,600 that were built in 2006.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.