Contraction in residential building activity in the first half of 2017

Levels of building activity in the South African market for new private sector-financed housing contracted on a year-on-year basis in both the planning and construction phases in the first half of 2017.

Residential building activity is projected to remain under pressure in the rest of 2017, which will be the result of trends in and the outlook for the economy, household finances, consumer confidence and building confidence.

Read more here: Absa Building Stats June 2017