The v5-34-03 release contains quite many known problems which have already been fixed in the v5-34-00-patches branch, so it’s better to take the head of the v5-34-00-patches branch: [...]$ svn co http://root.cern.ch/svn/root/branches/v5-34-00-patches root
For some “general notes” how to build it, see, for example:
[url]Release 5.32.03 on Ubuntu 12.04
[url]Problems installing root with --prefix=$HOME/.local
[url]ROOTSYS and linux distribution installation
http://root.cern.ch/drupal/content/installing-root-source