June 17, 2019 / 9:15 AM / 5 months ago

German construction body raises 2019 sales forecast as homebuilding booms

BERLIN, June 17 (Reuters) - Germany’s HDB construction industry association on Monday raised its forecast for 2019 sales growth to 8.5% year-on-year from its previous estimate of 6% as Europe’s largest economy experiences a boom in homebuilding.

Around 300,000 homes are expected to be built in Germany this year, though that is less than the 375,000 the government is aiming for in 2019.

HDB added it expected sales to increase by between 5% and 6% next year. (Reporting by Rene Wagner Writing by Michelle Martin Editing by Tassilo Hummel)

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