{"id":28725,"date":"2021-07-20T15:48:04","date_gmt":"2021-07-20T13:48:04","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=28725"},"modified":"2021-07-20T15:48:07","modified_gmt":"2021-07-20T13:48:07","slug":"building-plans-june-2021","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-june-2021\/","title":{"rendered":"Building Plans \u2013 June 2021"},"content":{"rendered":"\n
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The City of\nWindhoek rubber stamped 119 building plans in June, the lowest for the year and\n55.9% lower than the 187 approvals in May. The value of the approvals fell by 25.7%\nm\/m to N$128.4 million, compared to the N$173.0 million recorded in May. The\nfirst half of 2021 has seen 1,127 approvals, valued at N$941.5 million, 28.7%\nhigher in number terms and 14.1% higher in value terms, than during the same\nperiod last year. The increase is however from a low base, following the strict\nlockdown measures early last year. On a twelve-month cumulative basis, building\nplan approvals rose by 30.4% y\/y to 2,533, while the value of approvals rose\n1.9% y\/y to N$1.97 billion. A total of 124 completions to the value of N$58.6\nmillion were recorded in June. Year-to-date, 802 building plans, valued at\nN$425.1 million have been completed this year, representing a 4.4% decline in\nnumber terms, and a 25.7% contraction in value terms, compared to the same\nperiod a year-ago, when construction activity halted for one out of the first\nsix months. <\/p>\n\n\n\n

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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIn terms of the number of approvals, additions\nto properties once again made up the majority of approvals. Only 65 additions, worth\n N$35.1 million were approved in June, representing\na third consecutive month of decline in both number and value terms. 73 additions\nworth N$16.6 million were completed in June, representing a decrease in value\nof 40.8% m\/m.\n\n\n\n<\/p>\n\n\n\n

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New residential\nunits were the second largest contributor to the number of building plans\napproved with 51 approvals registered in June, 27 fewer than in May. In value\nterms, N$77.3 million worth of residential units were approved in June, a decrease\nof 16.5% m\/m, but an increase of 6.9% y\/y. In the first half of 2021, 427 new\nresidential units were approved worth N$530.4 million, representing a 168.6%\ny\/y increase in number and 118.0% y\/y increase in value. This increase is\nhowever from a very low base, and shows just how severe last year\u2019s contraction\nwas. On a 12-month cumulative basis the number of additions approved has increased\nby 176.0% y\/y as well as by 103.4% y\/y in value terms. 51 new residential units\nworth N$41.9 million were completed during the month.<\/p>\n\n\n\n

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

Three commercial units, valued at N$16.0\nmillion got the nod in June, translating to a 16.5% m\/m decrease in value\nterms. Nineteen commercial buildings, valued at N$67.1 million were approved in\nthe first half of 2021. Despite the 32 approvals, valued at N$146.1 million in\nthe last 12 months, no commercial units were completed for the third\nconsecutive month. Year-to-date, commercial and industrial completions have\naccounted for 1.3% of the total value of completions, cementing the first half\nof 2021 as the worst 6 months in the last 31 years.<\/p>\n\n\n\n

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

The 12-month cumulative\nnumber of building plans approved increased by 30.4% y\/y in June, although the\nincrease came from a low base. A total of 2,533 building plans to the value of\nN$1.97 billion were approved over the last 12 months, representing an increase\nin value of 1.9% y\/y. Additions to properties have made up 62.9% of the\ncumulative number of approvals, but only 36.2% of the total value of approvals.\nCompleted building plans increased 9.5% y\/y in value terms to N$1.39 billion on\na 12-month cumulative basis in June. Overall, each sub-category of completions\nas well as approvals experienced contractions in number terms compared to last\nmonth, indicating that construction activity will remain subdued over the\nshort- to medium term.<\/p>\n\n\n\n

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

The City of Windhoek rubber stamped 119 building plans in June, the lowest for the year and 55.9% lower than the 187 approvals in May. The value of the approvals fell by 25.7% m\/m to N$128.4 million, compared to the N$173.0 million recorded in May. The first half of 2021 \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-28725","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\/28725","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=28725"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/28725\/revisions"}],"predecessor-version":[{"id":28733,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/28725\/revisions\/28733"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=28725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=28725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=28725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}