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11 Jan
16:03

High input material prices throttle German construction

The increase in construction material costs – mainly steel, but also cement, glass, insulation, and others – put a break mainly on residential construction in Germany, says industry association Hauptverband der Deutschen Bauindustrie. The industry’s order intake through October was 14% lower than in the first ten months of 2021, with residential construction suffering most, Kallanish learns from an update by Hauptverband this week. Projects …
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