Continued divergent trends in residential building activity
Based on data released by Statistics South Africa, private sector-financed building activity in the South African market for new housing continued to show divergent trends in the first four months of 2019, which might be related to lags in reporting.
Divergent trends in residential building activity in early 2019
Much in line with developments in 2018, private sector-financed building activity (see explanatory note) in the South African market for new housing showed divergent trends in early 2019, based on data released by Statistics South Africa.
Rising Absa Homeowner Sentiment Index in Q4 2018
Residential property market sentiment in South Africa increased over a wide front in the final quarter of 2018 on the back of an improved economic performance.
Overall residential building activity remaining subdued up to late 2018
Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.
Residential building statistics shows contracting construction phase in the first four months of 2018
Residential building activity in the planning phase improved, with the construction phase contracting in the first four months of 2018.
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