Planning phase of residential building activity shows growth

Based on data released by Statistics South Africa, levels of building activity in the South African market for new private sector-financed housing showed strong growth with regard to the planning phase in the first two months of 2018, with growth in the construction phase almost negligible over this period.

However, growth in levels of activity differed significantly across the segments of housing in the two months up to February, which was to a large extent related to the base of calculation in each category a year ago.

Read more here: Absa Building Stats Feb 2018