For the first quarter of 2024State: estimates a cyclical increase in both the number of houses (+4.3%) and usable residential area (+3.9%), without seasonal factors. Meanwhile, non-residential construction registered a significant decline compared to the fourth quarter of 2023, amounting to 8.5 percent.
“The first quarter of 2024 sees significant economic growth for the residential sector, pushing both the number of homes and usable living space to the highest level in seven quarters. – we read in the analysisState: -. The non-residential area, however, continues to be characterized by a fluctuating trend, decreasing after a significant increase in the last quarter of last year. In the first quarter of the year, in trend terms, all construction sectors recorded growth, the non-residential sector is the most noticeable.“.
The National Institute of Statistics projections are based on building permits and estimate a number of houses in new residential buildings, purely from seasonality, is equal to 14393 units; there usable living space is only 1.22 million square meters, while it non-residential it is approximately 2.54 million sq.
In the quarter in question, compared to the same period of the previous year, the residential sector recorded a slight increase in both the number of houses (+1.6%) and the usable residential area (+1.0%).
