THE value of private construction contracted 8.8 percent in the last quarter of 2019, according to the Philippine Statistics Authority (PSA).
Data showed that the value of construction declined to P111.6 billion in the October-to-December period in 2019 from P122.4 billion in same period in 2018.
PSA data showed the construction of residential and non-residential posted contractions of 9.3 percent and 2 percent.
Residential building constructions accounted for 46.7 percent of total constructions while nonresidential buildings accounted for 46.9 percent.
The value of the construction of residential buildings declined to P52.2 billion in the last quarter of 2019 from the P57.5 billion posted in the last quarter of 2018.
Nonresidential buildings construction declined to P52.3 billion in 2019 from the P53.4 billion value of construction in the fourth quarter of the previous year.
PSA data showed the combined shares of the top 5 regions, in terms of value of construction, amounted to P83 billion or 74.4 percent.
These regions were the National Capital Region (NCR), with the value of total construction reaching P32.2 billion or 28.8 percent of the total, followed by Calabarzon with P19.4 billion or 17.4 percent of the total.
Data also showed the list included Central Visayas with the value of total construction reaching P12 billion or 10.7 percent of the total; Central Luzon, P11.4 billion or 10.2 percent; and Western Visayas, P8 billion or 7.2 percent.
In the last quarter of 2019, the total number of constructions reached 37,256. This shows a 7.7-percent drop from the 40,369 total number of constructions in the same quarter of 2018.
By type of construction, residential posted the highest number of 25,869
or 69.4 percent of the total number of constructions. Compared with the fourth
quarter of 2018, the number of residential constructions posted a 13.3-percent
contraction.
“Majority or 83.5 percent of the total residential constructions were single-type houses. Construction of residential condominiums posted the least share of 0.1 percent to the total number of residential constructions,” PSA said.
The total number of nonresidential constructions reached 6,289, accounting for 16.9 percent of the total constructions.
This was higher by 14.5 percent than the 5,491 nonresidential constructions recorded during the same period of 2018.
“Among the types of nonresidential constructions, commercial building contributed the highest share of 63.3 percent,” PSA said.
By region
The top 5 regions, in terms of number of constructions, accounted for 65.9 percent of the total number of constructions.
This was led by Calabarzon with a total of 9,808 constructions or 26.3 percent of the total, followed by Central Visayas with 4,880 constructions or 13.1 percent of the total.
The list also includes Central Luzon with a total of 3,677 constructions or 9.9 percent of the total; Ilocos region, 3,335 constructions or 9 percent; and Metro Manila, 2,867 constructions or 7.7 percent.
PSA said the construction statistics were obtained from approved building permits on new constructions and additions, alterations and repairs of existing residential and non-residential buildings, and other structures which are proposed to be constructed in the different cities/municipalities of the country.