Building indicator continues to improve

Posted On Wednesday, 12 January 2005 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

The Medium-Term Forecasting Associates (MFA) leading indicator for the local building industry continued to climb during the fourth quarter of last year

Construction IndustryThe Medium-Term Forecasting Associates (MFA) leading indicator for the local building industry continued to climb during the fourth quarter of last year.

According to Johan Snyman, the director of MFA, the index value was currently on 69, just short of the peak of 75 recorded during the gold boom of 1980.


This composite index is based on 24 business survey indicators compiled by the Bureau for Economic Research at Stellenbosch University.

Snyman said lower interest rates had a positive effect not only on the overall business mood of builders, but also on real building activity levels.



Last modified on Monday, 21 October 2013 15:56

Most Popular

Sectional Title Trustees and Homeowners Association directors face COVID-19 liability

May 22, 2020
Marina_Constas_BM_Law
The Covid-19 pandemic and South Africa’s lockdown regulations are impacting all aspects…

Deeds office reopen their doors to the public

May 09, 2020
Carlize Knoesen
The Department Agriculture, Land Reform and Rural Development has announced the reopening…

2020 Commercial Property Outlook –Why Property Price/Valuations Indices don’t tell the full story of market weakness during a deep recession

May 09, 2020
John LoosFNB
In a downturn, Property Market Values can deviate dramatically from the market…

Dipula drops vacancies by almost 30% and concludes R370m new leases for 29 Feb 2020 interim results

May 18, 2020
Izak_Petersen_mdos3o
South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced…

Development to bring residents closer to economic activities

May 19, 2020
Lindiwe Sisulu
Human Settlements, Water and Sanitation Minister, Lindiwe Sisulu, has declared 136…

Please publish modules in offcanvas position.