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Rate of decline in value of building plans is accelerating
The steep downtrend in the value of building plans is accelerating, figures released by Statistics SA show.
© 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
Source: I-Net Bridge
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