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Construction up 8.2%

By Anna Leah G. Estrada | Posted on Jan. 01, 2013 at 12:00am
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Building constructions rose 8.2 percent year-on-year in the third quarter of 2012, based on the number of permits granted by building officials.
The National Statistics Office said the government granted 27,323 building permits for construction of new projects in the July-September period, up from 25,255 permits approved in the same period in 2011.
It said permits for residential buildings rose 7.5 percent to 19,523 from 18,154 a year ago, while applications for commercial and industrial building constructions increased 9.2 percent to 3,688 from 3,377.
Additions, alterations and repairs of existing structures also increased 10.4 percent to 4,112 from 3,724 a year earlier.
The NSO said the value of these new constructions also expanded 54.5 percent to P64.3 billion in the third quarter of 2012 from P41.6 billion in the third quarter of 2011.
Among regions, Calabarzon had the highest number of new building construction projects at 6,378 or 23.3 percent of the total, followed by Central Visayas, Metro Manila, Central Luzon  and Davao.

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