Build plans passed down 52,4%
2009-03-20 · Research and Statistics
The value of recorded building plans passed at constant 2005 prices in South Africa in January fell a whopping 52,4% year-on-year (y/y) from a revised drop of 25,4% (26.3%) y/y in December, data by Statistics South Africa showed on Wednesday.
A breakdown of the data shows that additions and alterations fell 57,3% y/y, closely followed by non-residential buildings at -54,3% and residential buildings at -47,3%.
The total industry value was R2,544bn in January from the R5,341bn at the same time a year ago, reflecting a massive drop of R2,797bn.
This comes after the building industry receded 17,2% in 2008 from the total drop of just 2,4% in 2007.
Stats SA does note that the January 2009 figures should be regarded as preliminary because of possible backlogs and incomplete reporting by municipalities.
The seasonally adjusted real value of recorded building plans passed by larger municipalities during the quarter ending January 2009 decreased by 9,9% compared with the previous quarter ending October 2008. Residential buildings and additions and alterations decreased by 13,8% and 13,3% respectively. However, an increase was reported for non-residential buildings (2,4%).
The value of recorded building plans passed by larger municipalities (at current prices) during January 2009 decreased by 47,6% (-R3,167bn) compared with January 2008, according to the data.
Building completions in January at constant 2005 prices were reported up 6,8% y/y from an increase of 6,1% in December and off a total 2008 decline of -0,4% y/y.
A breakdown of the data shows that additions and alterations fell 57,3% y/y, closely followed by non-residential buildings at -54,3% and residential buildings at -47,3%.
The total industry value was R2,544bn in January from the R5,341bn at the same time a year ago, reflecting a massive drop of R2,797bn.
This comes after the building industry receded 17,2% in 2008 from the total drop of just 2,4% in 2007.
Stats SA does note that the January 2009 figures should be regarded as preliminary because of possible backlogs and incomplete reporting by municipalities.
The seasonally adjusted real value of recorded building plans passed by larger municipalities during the quarter ending January 2009 decreased by 9,9% compared with the previous quarter ending October 2008. Residential buildings and additions and alterations decreased by 13,8% and 13,3% respectively. However, an increase was reported for non-residential buildings (2,4%).
The value of recorded building plans passed by larger municipalities (at current prices) during January 2009 decreased by 47,6% (-R3,167bn) compared with January 2008, according to the data.
Building completions in January at constant 2005 prices were reported up 6,8% y/y from an increase of 6,1% in December and off a total 2008 decline of -0,4% y/y.
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