Improved levels of residential building activity in the second quarter

Building activity with regard to new private sector-financed housing in South Africa saw some improvement in the second quarter of 2015, based on data published by Statistics South Africa. This uptick in activity levels in both the planning and construction phases of new housing came after contractions in some segments of the market in recent quarters. However, residential building activity still remained well below the levels of 2005-08. Read more – ABSA Building stats Jun 2015