{"id":29000,"date":"2021-08-16T14:31:59","date_gmt":"2021-08-16T12:31:59","guid":{"rendered":"https:\/\/ijg.net\/research\/?p=29000"},"modified":"2021-08-17T11:37:38","modified_gmt":"2021-08-17T09:37:38","slug":"building-plans-july-2021","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/building-plans-july-2021\/","title":{"rendered":"Building Plans \u2013 July 2021"},"content":{"rendered":"\n
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The City of\nWindhoek approved 211 building plans in July, a 77.3% m\/m increase from the\nyearly low of 119 approvals in June. The value of the approvals increased by 13.4%\nm\/m to N$145.6 million, compared to the N$128.4 million recorded in June. 2021\nhas now seen 1,338 approvals, valued at N$1.09 billion, 19.4% higher in number\nterms and 12.5% higher in value terms than during the same period last year.\nThe increase is from a low base due to the strict lockdown measures early last\nyear. On a twelve-month cumulative basis, building plan approvals rose by 24.5%\ny\/y to 2,499, while the value of approvals rose 0.7% y\/y to N$1.97 billion. A\ntotal of 36 completions to the value of N$24.4 million were recorded in July.\nYear-to-date, 838 building plans, valued at N$449.5 million have been\ncompleted, a 23.3% decline in number terms, and a 50.1% contraction in value\nterms, compared to the same period a year-ago. <\/p>\n\n\n\n

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

Additions to properties made up most\napprovals. In July, 137 additions valued at N$64.9 million were approved,\nbreaking a two-month streak of consecutive declines in both number and value\nterms. Year-to-date, 818 additions have been approved with a value of N$408.9\nmillion, a 4.9% decrease in number, but a 4.9% y\/y increase in value terms. Only\n6 additions to properties were completed in July at a value of N$3.27 million,\na 80.4% m\/m decrease in value. <\/p>\n\n\n\n

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

New residential\nunits were the second largest contributor to the number of building plans\napproved with 73 approvals registered in July, 22 more than in June. In value\nterms, N$80.4 million worth of residential units were approved in July, a 4.0%\nm\/m and 11.2% y\/y increase. So far in 2021 500 units worth N$610.8 million have\nbeen approved. This translates to a year-to-date increase in value of 93.6% .\nOn a 12-month cumulative basis the number of residential units approved\nincreased by 146.6% y\/y and by 86.3% y\/y in value terms. 30 new residential\nunits worth N$21.1 million were completed in July. <\/p>\n\n\n\n

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

Only one\ncommercial unit, valued at N$280,000 was approved in July. This brings the\ntotal number of commercial buildings approved in 2021 to 20, at a value of\nN$67.4 million. While 30 commercial buildings, valued at a N$137.6 million,\nhave been approved in the last 12 months, no commercial units were completed\nfor the fourth month running. Year-to-date, commercial and industrial\ncompletions account for only 1.3% of the total value of completions, well below\nthe pre-pandemic 2019 average contribution.   <\/p>\n\n\n\n

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

On a 12-month\ncumulative basis, the number of building plans approved increased by 24.5% y\/y.\nThis increase is however from a low base. 2,499 building plans to the value of\nN$1.97 billion were approved in the last 12 months, representing a 0.7% y\/y increase\nin value. Additions to properties made up 63.9% of the cumulative number of\napprovals, but only 36.3% of the total value of approvals. Commercial and\nindustrial building plan approvals are on course to be even lower in 2021 than\nin 2020 with only 20 approvals worth N$67.4 million thus far, compared to 31\napprovals worth N$261.0 million at the same point last year. As building plan approvals\nis a forward-looking measure of expected construction activity this does not\nbode well for economic activity in the capital in general. The construction\nindustry thus remains fragile.<\/p>\n\n\n\n

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<\/h2>\n","protected":false},"excerpt":{"rendered":"

The City of Windhoek approved 211 building plans in July, a 77.3% m\/m increase from the yearly low of 119 approvals in June. The value of the approvals increased by 13.4% m\/m to N$145.6 million, compared to the N$128.4 million recorded in June. 2021 has now seen 1,338 approvals, valued \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-29000","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\/29000","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=29000"}],"version-history":[{"count":2,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/29000\/revisions"}],"predecessor-version":[{"id":29031,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/29000\/revisions\/29031"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=29000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=29000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=29000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}