Rate of decline in value of building plans is accelerating

© Ivan Kruk – za.fotolia.com

Stats SA conducts a monthly building statistics survey financed by the private sector.

The real value of recorded building plans passed (at constant 2010 prices) fell 1.3% (R938.4m) year on year during January to November 2015, Stats SA says. Previously, it reported the January to October 2015 value as having declined 0.2% (R113m), year on year

The value of non-residential buildings fell 9.8% (R1.7986bn) and residential buildings rose by 2,5% (R854,1m). In the previous bulletin, Stats Sa reported that it had fallen 6.7% (R1.120bn) for January to October 2015.

The real value of buildings reported as completed (at constant 2010 prices) increased 1.4% (R562.9m) year on year during January to November 2015.

Residential buildings rose 9.2% (R1.9209bn) and non-residential buildings fell 10.0% (R1.1778bn), compared with a 3.4% (R1.182bn) rise year on year during January to October 2015.

Source: BDpro