Key findings: P5041.1 - Selected building statistics of the private sector as reported by local government institutions, May 2023

The value of building plans passed (at current prices) decreased by 11,7% (-R5 553,2 million) during January to May 2023 compared with January to May 2022. Decreases were reported for non-residential buildings (-24,2% or -R2 342,3 million) and residential buildings (-13,7% or -R3 448,3 million). An increase was reported for additions and alterations (1,9% or R237,5 million).

                                                          

The value of buildings reported as completed (at current prices) decreased by 23,0% (-R6 748,9 million) during January to May 2023 compared with January to May 2022. Decreases were reported for additions and alterations (-51,7% or -R4 565,0 million), non-residential buildings (-14,3% or -R954,7 million) and residential buildings (-8,9% or -R1 229,1 million).