Key findings: P5041.1 - Selected building statistics of the private sector as reported by local government institutions, May 2009

The value of recorded building plans passed by larger municipalities (at current prices) during January to May 2009 decreased by 24,4% (-R8 525,4 million) compared with January to May 2008. In the first four months of 2009 the annual decrease was 30,4%. The largest decrease was reported for residential buildings (-44,0% or -R7 723,4 million), followed by additions and alterations (-4,7% or        -R423,9 million) and non-residential buildings (-4,5% or -R378,0 million).

The preliminary estimates indicate that the value of buildings reported as completed to larger municipalities (at current prices) during the above-mentioned period increased by 8,2% (R1 570,4 million). Increases during the first five months were reported for additions and alterations (32,2% or R1 272,4 million) and non-residential buildings (19,8% or R820,2 million). Residential buildings recorded a decrease of 4,7% (-R522,1 million) during the above-mentioned period.