GUS: construction in June increased 58.9% y/y
17:44
In June 2024, developers began construction on 14,092 new homes, a 58.9% increase y/y and an 18.2% rise from the previous month. However, the number of completed homes fell by 20.1% Y/Y to 10,812, though it rose 22.7% M/M. Permits issued for new housing totaled 16,195, marking an 18.8% Y/Y increase but a 4.6% decline M/M.
For the first half of 2024, 80,591 new housing projects started, up 68.1% Y/Y. Completed homes totaled 58,502 (down 9.3% YoY), and permits issued reached 101,204, a 37.2% increase Y/Y.
