Construction Activities soars 20% in Q2

The number of construction activity in the country soared 20.2 percent in the second quarter of the year due primarily to the increase in residential buildings, preliminary statistics from Philippine Statistics Authority (PSA) showed yesterday.

The number of residential buildings increased by 23.7 percent to 30,366 from 24,543 during the same period of 2016. Residential condominiums  rose by 48.4%, other residential by 42.4%, duplex/quadruplex by 24.2% and single-type houses by 25.5%.

Meanwhile, Non-residential constructions posted a 15.0 % increase to 4,548 from the recorded 3,956 activities during the same period last year. All types of non-residential constructions exhibited two-digit growths, led by other non-residential registering 70.3 percent increase.

The top five regions, in terms of the number of constructions, comprised 60.1 percent of the total. Region IVA (CALABARZON) led the regions where a total of 9,655 (24.4%) constructions were located. Region VII (Central Visayas), ranking sixth in the same period last year, occupied the second slot with 4,181 (10.5%) constructions. Other regions in the top five were:

·        Region III (Central Luzon) with 3,814 (9.6%) constructions

·       National Capital Region (NCR) with 3,446 (8.7%) constructions

·        Region XI (Davao Region) with 2,724 (6.9%) constructions

 

At the provincial level, the top ten provinces comprised about half or 49.6 percent of the total. Cavite topped the list of provinces with 4,963 (12.5%) constructions, followed by Cebu and Bohol with respective shares of 2,407 (6.1%) and 1,745 (4.4%) constructions. Completing the top ten provinces with the most number of constructions were:

·        Negros Oriental with 1,736 (4.4%) constructions

·        Batangas with 1,600 (4.0%) constructions

·        Iloilo with 1,589 (4.0%) constructions

·        Fourth District of NCR with 1,430 (3.6%) constructions

·        Bulacan with 1,415 (3.6%) constructions

·        Davao del Sur with 1,384 (3.5%) constructions

·        Laguna with 1,380 (3.5%) constructions

 

Source: Philippine Statistics Authority