After rising to 35 in 3Q2018, the FNB/BER Building Confidence Index fell back to 32 in 4Q2018. 

Today’s October CPI (Consumer Price Index) showed a slight acceleration in its year-on-year inflation rate, from 4.9% in the previous month to 5.1%.

After falling to 29 in 2Q2018, the FNB/BER Building Confidence Index was unchanged in 3Q2018.

The FNB/BER Building Confidence Index lost 14 points to register a level of 29 in 2Q2018. This is the lowest since 2Q2012.

“It was a stable start to the New Year with the Reserve Bank today announcing no change in the repo rate at the conclusion of its Monetary Policy Committee meeting, as forecast by various market commentators,” says Dr Andrew Golding, CEO of the Pam Golding Property group.

Thursday, 07 December 2017 09:13

Builder confidence moves lower in Q4

The FNB/BER Building Confidence Index fell to 31 in 4Q2017, from 35 in 3Q2017.

According to StatsSA CPI (Consumer Price Index) figures, residential rental inflation has been outstripping average house price inflation of late.

The Sectional Title Home Market appears to be opening up a wider gap in terms of the house price inflation differential between itself and that of the Full Title Home Market.

The 3rd Quarter 2017 FNB Estate Agent Survey continued to point strength in levels of those sellers believed to be selling homes in order to downscale due to “life stage”.

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