Value of recorded building plans up 13.7%

Posted On Thursday, 14 September 2006 02:00 Published by
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The value of recorded building plans passed by larger municipalities during the first seven months of 2006 increased by 13.7%
 
The value of recorded building plans passed by larger municipalities (at current prices) during the first seven months of 2006 increased by 13.7% (+R4.930,6 million) compared with the first seven months of 2005, Statistics South Africa said.
 
The largest percentage increase was reported for non-residential buildings (+27.3% or R1.651,8 million), followed by residential buildings (+11.0% or
R2.238,8 million) and additions and alterations (+10.8% or R1.039,9 million).
 
In the category of non-residential buildings, large increases were reported for industrial and warehouse space  (+49.7% or R1.142,2 million) and office and banking space (+35.4% or 432.2 million rand), Stats SA added.
 
Seven provinces reported increases in the value of recorded building plans passed.  The largest contributor to the increase of 13.7% was Gauteng (+8.4 percentage points or R3.020,0 million), followed by Mpumalanga (+2.6 percentage points or R925.9 million), KwaZulu-Natal (+1.6 percentage points or 587.7 million rand ) and North West (+1.0 percentage point or 351,9 million rand).

The value of recorded building plans passed by larger municipalities (at constant 2000 prices) during the first seven months of 2006 increased by 6.5% (+1 625,6 million rand) compared with the first  seven  months  of  2005, Stats SA noted.
 
The  largest  percentage  increase  was  reported  for  non-residential buildings (+19.2% or 810,6 million rand), followed by residential buildings (+4.0% or 563,5 million rand) and additions and alterations (+3.8% or 251,5 million rand).
 
However, Stats SA explained,  the  seasonally  adjusted  real  value  of recorded  building  plans  passed  by  larger  municipalities during the three months ended July 2006 decreased by 3.3% compared with the previous three months. The seasonally  adjusted  value  of  all  three  major  categories decreased  (additions  and  alterations  -5.6%, residential buildings -3.3% and non-residential buildings -0.1%).
 
The value of buildings reported as completed to larger municipalities (at current prices) during the first seven months of 2006 increased by 30.0% (+4 492,5 million rand) compared with the first seven months of 2005.
 
The largest  percentage  increase  in  the  value  of  buildings completed was  reported  for  additions  and alterations (+33.7% or 914,1 million rand), followed by non-residential buildings (+31.7% or 672,3 million rand) and residential buildings (+28.6% or 2 906,1 million rand).
 
Six provinces reported increases in the value of buildings completed. The largest contributors to the increase of 30.0% were Gauteng (+14.2 percentage points or 2 126,1 million rand) and Western Cape (+12.3 percentage points or 1 841,9 million rand).
 
Stats SA said that the value of buildings reported as completed to larger municipalities (at constant 2000 prices) during the first seven months of 2006, increased by 22.0% (+2 442,3 million rand) compared with the first seven months of 2005.
 
The largest percentage increase in the value of buildings completed was reported  for  additions  and  alterations  (+25.2%  or  510,7  million rand), followed  by  non-residential buildings (+23.4% or 382,6 million rand) and residential buildings (+20.9% or 1 548,9 million rand).
 
However, the  seasonally  adjusted  real  value  of  buildings  reported as  completed  to  larger  municipalities during  the  three  months  ended July  2006  decreased  by  8,7%  compared  with  the  previous  three months, Stats SA added.
 
Decreases  in  the  seasonally  adjusted  real  value  were  reported for non-residential  buildings  (-17.5%), additions  and  alterations  (-10.1%) and  residential  buildings  (-6.2%)  for  the  above-mentioned  period.

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