Corona increases the desire for a home. The prefabricated construction industry generates record sales and shows an increase of five percent
The demand for prefabricated houses is increasing in Germany in the corona pandemic continue. “Corona has significantly increased the desire to own a home,” said the President of the Federal Association of German Prefabricated Buildings (BDF), Hans Volker Noller. The appreciation for having one’s own house with a garden has risen significantly again this year. “The prefabricated construction industry is now also benefiting from this.”
According to a forecast by the BDF, total sales in the industry are likely to rise by around 5 percent to more than 3.2 billion euros this year. From January to July 2020, according to the BDF, almost 61,000 single and two-family houses were approved nationwide, more than 13,000 of which were prefabricated. Compared to the same period in the previous year, the number of building permits rose by a total of 2.6 percent. Prefabricated buildings even increased by 9.6 percent.
“For 2020 we expect a market share of around 22 percent. We will be able to significantly improve the previous all-time high of 20.8 percent from the previous year, ”said Noller.
Most prefabricated manufacturers also assessed the future prospects as positive. In a BDF survey, 86 percent of those questioned rated the current business situation as good. 14 percent rated it as satisfactory. In the next six months, 78 percent expect the business situation to remain the same, four percent expect the economy to deteriorate and 18 percent to expect an even better economic situation.