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This is an archived release.
Sharp increase in new housing orders
The inflow of new dwelling projects continues to increase in the first quarter of 2011. The value of company reserves of new housing projects is 71 per cent higher at the end of the 1st quarter of 2011 compared with the same period in 2010.
Compared with the low level in 2009, the company reserves of new residential buildings are doubled. However, the housing reserves are still 16 per cent lower than the top level in 2007, measured in current values.
Growth in the renovation works
The inflow of renovation projects is increasing for both residential buildings and for commercial buildings. Compared with the end of the 1st quarter of 2010, the reserves of renovation works in the residential and commercial sector rose by 12 and 21 per cent respectively.
Stable commercial sector
The inflow of new commercial buildings has been stable over the last year and a half, and the company reserves of commercial buildings remain unchanged over the last three quarters.
More new civil engineering works
After a moderate inflow of new civil engineering works in the second half of 2010, the companies experienced a strong growth of new projects in the first quarter of 2011. The value of the contractor reserves of civil engineering works increased by 17 per cent in the first quarter of 2011, and is at the same high level as a year ago.
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