{"id":28114,"date":"2021-05-26T16:29:27","date_gmt":"2021-05-26T14:29:27","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=28114"},"modified":"2021-05-26T16:29:28","modified_gmt":"2021-05-26T14:29:28","slug":"building-plans-april-2021","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-april-2021\/","title":{"rendered":"Building Plans \u2013 April 2021"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The City of Windhoek approved a total of 250 building plans in April, representing a 9.6% m\/m increase from the 228 building plans approved in March. In monetary terms, the approvals were valued at N$234.1 million, a 48.1% m\/m increase. 199 buildings with a value of N$93.12 million were completed during April, a 1.2% m\/m decrease in value terms. Year-to-date building approvals are 65.9% and 15.0% higher in number and value terms, respectively than during the same period in 2020. This increase is however mostly due to stagnant construction activity during the lockdown last year. Year-to-date, the number of completed buildings increased by 44.7% y\/y to 495, while the value of these completions rose marginally by 8.3% y\/y from N$276.3 million in 2020 to N$299.4 million in 2021. On a twelve-month cumulative basis, 2,608 buildings with the value of N$1.94 billion were approved, an increase of 39.8% y\/y in number, and 7.2% y\/y in value. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

In terms of the number of approvals,\nadditions to properties once again made up the majority of approvals. In April,\n166 additions to properties were approved with a value of N$93.0 million while\n168 additions worth N$60.0 million were completed during the month. The number\nof approvals has been ticking up steadily since January. These approvals are\nhowever of lower relative value.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

New residential\nunits were the second largest contributor to the total number of building plans\napproved in April, and the largest contributor in value terms. 80 new units\nworth N$129.5 million were rubber-stamped in April, representing a 49.1% m\/m increase\nfrom the N$86.9 million worth of approvals in March. On a 12-month cumulative\nbasis, residential units recorded a 108.3% y\/y increase in value. 31 new\nresidential units worth N$33.1 million were completed during the month,\nrepresenting a decrease in value of 36.2% m\/m.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Four new commercial units, valued at\nN$11.6 million, were approved in April, translating to a 65.8% m\/m increase. Year-to-date,\nthere have been twelve commercial building approvals valued at N$26.1 million,\nwhich is 50.0% lower in number terms and an 89.4% decrease in value terms\ncompared to the same period last year. On a rolling 12-month perspective, the\nnumber of commercial and industrial approvals have slowed to 29 units worth N$110.3\nmillion as at April, compared to the 57 approved units worth N$654.2 million\nover the corresponding period a year ago. No commercial and industrial units\nwere completed in April.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The 12-month cumulative number of building plans approved increased\nby 39.8% y\/y in April. A total of 2,608 building plans to the value of N$1.94\nbillion were approved over the last 12 months, representing an increase in\nvalue of 7.2% y\/y. Additions to properties have made up 65.0% of the cumulative\nnumber of approvals, but only 40.2% of the total value of approvals. Completed\nbuilding plans increased 16.3% y\/y in value terms to N$1.56 billion on a\n12-month cumulative basis in April. Although residential building plan\napprovals have gained momentum, the commercial sector remains woeful,\ncontributing a mere 2.0% of the N$299.4 million total building completions so\nfar in 2021. Furthermore, with only 4.1% of building approvals attributable to\nthe commercial sector, this trend seems unlikely to change in the near term. Residential\napprovals continue to contribute the most in value terms, with 56.3% of\napprovals and 64.0% of completions, overall indicating a lively housing market.\n<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

The City of Windhoek approved a total of 250 building plans in April, representing a 9.6% m\/m increase from the 228 building plans approved in March. In monetary terms, the approvals were valued at N$234.1 million, a 48.1% m\/m increase. 199 buildings with a value of N$93.12 million were completed \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,6],"tags":[],"class_list":["post-28114","post","type-post","status-publish","format-standard","hentry","category-buildingplans","category-economicresearch"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/28114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/comments?post=28114"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/28114\/revisions"}],"predecessor-version":[{"id":28121,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/28114\/revisions\/28121"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=28114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=28114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=28114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}