Steady single-digit growth in building activity related to new private sector-financed housing in South Africa was recorded in the first three quarters of 2015 compared with the corresponding period in 2014, based on data published by Statistics South Africa.
Trends in the economy, household finances and consumer and building confidence will continue to be the main driving factors of residential building activity. These factors, together with aspects such as building costs, the process of property rezoning where applicable, the availability of municipal services and the extent of the planning and construction phases affect new housing demand and supply, as well as the timing and timespan of housing projects and overall activity related to the residential building industry and its sub sectors.
Read more here: Absa Building stats Sep 2015
