Germany's housebuilding sector faces a "confidence crisis" amid economic struggles and elevated interest rates.

Germany's housebuilding sector is facing a "confidence crisis" as the economy struggles, according to Heidelberg Materials CEO Dominik von Achten. Economic indicators have hit all-time lows, and industry leaders are uneasy due to pressures such as elevated interest rates. It is uncertain whether there will be a light at the end of the tunnel for the sector.