Industry Insight

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PPC puts smart interactive technology to work for customers.

Tuesday, 8th December 2009

Thanks to PPC's anchor sponsorship of www.buildmind.net, building contractors, concrete product manufacturers, material suppliers and building service vendors are now free to market their services on-line - and to use BuildMind's Facebook-like tools to source leads, opportunities, trends, information, opinion, products, events and skills - simply.

Lack of demand blamed for drop in non-residential building confidence (4th quarter 2009)

Tuesday, 8th December 2009

The FNB Building confidence index deteriorated again in the 4^th quarter, after reporing a mild improvement in the 3^rd quarter. The index fell from a value of 32 in the 3^rd quarter to 28 in the 4^th quarter.

Provincial Review of construction expenditure

Tuesday, 8th December 2009

Industry Insight released a rquarterly review of total estimated construction expenditure in the four high capacity provinces as well as an outlook for spending on social housing, road construction and private sector construction.

Improved property price index in November (FNB), but not enough to stimulate real improvement in residential investment

Tuesday, 1st December 2009

The FNB house price index increased by 2% y/y in November 2009, the first increase since November 2008. The consumer inflation rate slowed to 5,9% which means real house prices are still declining. As at October, real year on year house price deflation was -6,5%. The outlook for house price growth in 2010 has certainly improved on the back of an increase in the SARB leading business indicator, lower consumer inflation and an improvement in gross domestic product in the 3^rd quarter of 2009. FNB revised their forecasts for house prices from an expected average of 5% for 2010 to between 7% and 8% (nominal), or by between 2% and 3% in real terms.

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