Building activity in the South African market for new housing showed some diverging trends in the first four months of 2017. The total number of plans approved for new housing declined from January up to April from a year ago, whereas the number of housing units reported as completed showed some double-digit growth over this period.
Residential building activity is forecast to remain largely subdued towards year-end in view of the economy forecast to grow by a still much subdued 0,6% this year and continued financial pressure experienced by many households, which will impact levels of confidence in the consumer and building sectors.
Read more here: Absa Building Stats April 2017
