Residential building activity remaining under pressure

Building activity in the South African market for new private sector-financed housing remained under pressure in both the planning and construction phases in the first eight months of 2017, based on data released by Statistics South Africa.

The outlook is for residential building activity to remain subdued in the rest of the year and in 2018 on the back of trends in and prospects for the economy, household finances, consumer confidence and building confidence.

Read more here: Absa Building Stats Aug 2017