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Johannesburg - The construction of new housing has slowed further, data from
Statistics SA released on Wednesday showed.
According to the Pretoria-based agency, the real value of
recorded building plans passed by larger municipalities during
January to May 2009 decreased by 28.8% compared with January
to May 2008.
The biggest decrease for January to May 2009 was reported for
residential buildings (-47.3%), followed by additions and
alterations (-10.5%) and non-residential buildings (-9,8%), Statistics SA said.
The real value of buildings reported as completed to larger
municipalities during January to May 2009 decreased by 3.2%
compared with January to May 2008.
Statistics SA said this was due to a decrease in the real value
of residential buildings completed (-16.7%).
Increases, however, were reported for additions and
alterations (18.7%) and non-residential buildings (10.1%).
- Sapa