SECTIONS
Cebu
Friday, September 24, 2021
CEBU

Housing logs highest number of constructions valued at P43.79B

PROGRESS. Construction activities in the Philippines have bounced back. In the second quarter of this year, the number of residential constructions stood at 27,375 while non-residential constructions were at 5,550. (SunStar file)

AMID the pandemic, it has been business as usual for construction activities.

In the second quarter of this year, the Philippines logged a total of 38,389 constructions valued at P84.36 billion, according to the Philippine Statistics Authority.

The increase in construction activities indicates an annual expansion of 114.1 percent, faster than the previous quarter’s annual growth rate of 4.7 percent.

In the second quarter of 2020, the number of constructions decreased by 61.4 percent.

By type of construction, residential reported the highest number of constructions at 27,375, up by 102.8 percent from the same period last year. Majority or 82.4 percent of the total residential constructions were single-type houses.

During the quarter, residential building constructions were valued at P43.79 billion, up 209.5 percent from P14.15 billion total construction value recorded in the same quarter of 2020.

Meanwhile, the number of non-residential constructions also increased by 119.2 percent to 5,550 from 2,532 non-residential constructions recorded in the same period last year. About 69.2 percent of the non-residential constructions were commercial buildings.

The value of non-residential constructions reached P32.83 billion.

Calabarzon remained to have the highest number of constructions with 9,773 constructions or 25.5 percent share of the total during the quarter, followed by Central Visayas with 5,608 (14.6 percent) constructions and Ilocos Region with 4,659 (12.1 percent) constructions.

In terms of value of constructions, Calabarzon topped the list, logging P20.09 billion followed by National Capital Region (P16.56 billion), Ilocos Region (P9.97 billion), Central Luzon (P9.53 billion) and Central Visayas (P6.34 billion). (KOC)


VIEW COMMENTS
DISCLAIMER:

SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.


Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!

Create your own user feedback survey