Housing construction numbers up in y/y terms

Developers and other investors completed 13,298 housing units in November 2014, 5.7 percent less than in October 2014 and 5.6 percent more than in November 2013, according to preliminary statistics published by the Central Statistical Office on Wednesday. Construction on 10,527 units was launched in November, 12.1 percent more than a year before and 27.2 percent less than a month earlier. Building permits were issued for 10,782 apartments, which is 15.7 percent more than in November 2013 and 19.3 percent less than in October 2014.