Growth in building activity slows down in the first quarter of 2013

Year-on-year growth in the volume of building activity, i.e. the number of housing units for which building plans were approved and the number of housing units completed in the South African market, slowed down in the first quarter of 2013 from the fourth quarter of last year. 

Residential building activity is expected to continue to reflect conditions with regard to the economy, household finances, consumer confidence and factors impacting the market for new and existing housing, which will show up in the demand for and supply of new housing, property market activity, transaction volumes, property price growth and the demand for mortgage finance.

Click Here to Read More – ABSA Report on Building Stats

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