Marginal improvement in residential building activity up to July

Building activity in the South African market for new private sector-financed housing showed some marginal improvement on a year-on-year basis in both the planning and construction phases in the first seven months of 2017.

The forecast is for growth in residential building activity to remain largely subdued up to year-end due to trends in and the outlook for the economy, household finances, consumer confidence and building confidence.

Read more here: Absa Building Stats July 2017