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Supply Side Issues (Building Activities)
Figure 34 Total Building Plans Passed in South Africa and the Western Cape
Source: Quantec
According to StatsSA (reported by FNB), housing delivery has not recovered since the
decline after 2015Q1. Figure 34 above shows that in 2016Q1, Western Cape’s share as a
percentage of total building plans passed increased to approximately 40%. The number
of residential unit plans passed in 2016Q1 grew by 3.1% year-on-year. PROVINCIAL OUTLOOK NATIONAL OUTLOOK GLOBAL OUTLOOK GAP HOUSING INVESTOR NARRATIVE SPOT THE OPPORTUNITY PORTFOLIO INSIGHTS KHULISA NEWSLETTER ELECTRIC VEHICLES ENERGY SECURITY LOOKING AT GDP
Such a small growth in building plans passed suggests a lack of growth in building
activity and completions in the near term, a possible mild decline, and even a shortage
of houses supplied.
Figure 35 Total Building Plans Completed in South Africa and the Western Cape
Source: Quantec
QUARTERLY ECONOMIC BULLETIN 2016 71
