1st Quarter 2021 StatsSA residential building numbers showed some positive growth in units completed, but growth in plans passed was still negative.
Levels of building activity in the South African market for new housing remained subdued in 2018, which were much in line with trends since 2010 after the economy emerged from recession in 2008/09.
Building activity in the South African market for new private sector-financed housing (see explanatory notes) remained under pressure in both the planning and construction phases in the first eight months of 2017, based on data released by Statistics South Africa.
Human Settlements Minister Bonginkosi Madikizela launched the R1.8 billion Belhar CBD housing project, during a sod turning ceremony.
The NHBRC’s Disciplinary Committee imposed a fine of R1, 6 million on a developer, PJJ Van Vuuren Beleggings (EDMS) BPK (NHBRC reg. no. 4526), for failure to enrol 160 residential units which were under construction at Erf 1943, Elarduspark in Gauteng.
After reaching its highest level in more than a year of 43 points in 1Q2017, the FNB/BER Building Confidence Index fell sharply to 32 in 2Q2017.
Devmark Property Group, which has successfully established its name as an industry leader over the past 27 years, has joined forces with the Swieg Group of Companies to establish Vanderbilt Construction, which has already completed construction to the value of R130 million.
The first month of 2017 saw building activity with regard to new private sector-financed housing in South Africa (see explanatory notes) contracting by a relatively large margin, based on data published by Statistics South Africa.