Building activity in the South African market for new housing remained relatively subdued in the first four months of 2016 compared with the corresponding period a year ago. In the planning phase all three segments of housing showed a contraction on a year-on-year basis up to April, whereas the construction phase recorded some growth on the back of a still relatively strong performance by one of the housing segments.
Levels of residential building activity are forecast to remain largely subdued in the rest of the year against the background of increasingly tough economic conditions impacting household finances and consumer and building confidence.
Read more here: Building stats Apr 2016
