BUILDING STATISTICS - March 2013

Release No: 42, 2013

18th June 2013


 

 

A:  BUILDING PERMITS ISSUED

 

A total of 311 Building Permits for construction work valued at $29.8 million were issued in the March quarter of 2013.

Compared to the December quarter of 2012, a 4.9 per cent decrease was recorded in the number of permits issued but the total value for construction works approved increased by 12.6 per cent.

 

Graph 1

BldgMar13

When compared to the March quarter of 2012, the number of permits issued and their value were 10.4 per cent and 31.8 per cent lower respectively.

 

Of the $29.8 million of building works approved, 29.7 per cent were for Private Dwellings, 61.3 per cent were for Other Buildings and the remaining 9.0 per cent were for Alterations and Miscellaneous work. Building Permits issued for Commercial, Hotels and Educational Buildings contributed significantly to the Non Private dwellings component.

 

Of the total number of Building Permits issued, 50.8 per cent with a value of $15.0 million were issued for the Central Division, 44.7 per cent with a value of $13.8 million were issued for the Western Division and 4.5 per cent with a value of $1.0 million were issued for the Northern and Eastern Divisions.

 

B:  COMPLETION CERTIFICATES ISSUED

A total of 135 Completion Certificates with a value of $12.6 million were issued in the March quarter of 2013.

Compared to the December quarter of 2012, this was 3.8 per cent higher in the number of completion certificates issued but a decrease of 7.5 per cent in their value.

 

Graph 2

BldgMar13a

When compared to the March quarter of 2012, the number of completion certificates issued was 22.7 per cent higher but their values were 44.1 per cent lower.

 

Of the $12.6 million in building works completed, 46.3 per cent were for Private Dwellings, 42.3 per cent were for Other Buildings and the remaining 11.4 per cent were for Alterations and Miscellaneous work. Completion Certificates issued for Commercial, Hotels and Educational Buildings contributed significantly to the Non Private dwellings component.

 

Of the total number of Completion Certificates issued, 61.5 per cent with a value of $6.9 million were issued for the Central Division, 29.6 per cent with a value of $4.9 million were issued for the Western Division and 8.9 per cent with a value of $0.8 million were issued for the Northern and Eastern Divisions.

The figures in this release are derived from information provided by the City and Town Councils and Rural Local Authorities.

Summary tables of Building Permits and Completion Certificates issued are attached. Please note that the data for March quarter 2013 is still provisional therefore subject to revisions.

Users of Building Statistics should exercise caution in interpreting statistics relating to the Building Permits and the Completion Certificates issued for specific periods due to the time lag between the Building Permits issued and the Completion Certificates issued. Thus, proper care should be taken when using these figures.

For further enquiries please contact Mr. Asaeli Rokovada on 331 5822 ext 132.

Buildings Statistics for June quarter 2013 will be released on 18th September 2013.