**
Second quarter
number of constructions in Eastern Visayas up by 4.8%**

By
**PSA-8**

September 17, 2018

*TACLOBAN CITY* – The
region’s total number of constructions in the second quarter of 2018
reached 1,244. This reflected an increase of 4.8% from the 1,187
constructions recorded in the same quarter of 2017.

By type of construction,
the number of residential building constructions decreased to 843
constructions in the second quarter of 2018 from 894 constructions
in the second quarter of 2017, a decline by 5.7%.

The number of
non-residential building constructions went up by 14.5% reaching to
205 constructions in the second quarter of 2018 from 179
constructions in the same period of 2017.

The combined number for
additions/alterations and repairs of existing structures
significantly increased to 196 constructions during the quarter in
review from 114 constructions in the second quarter of 2017, a surge
by 71.9%.

Majority (67.8%) of the
constructions were residential buildings. Non-residential buildings
comprised 16.5%, while additions/alterations and repairs accounted
for 15.8% of the region’s total constructions.

The total value of
constructions in the region during the second quarter of 2018 was
estimated at P2.4 billion. This figure is 10.8% higher compared with
the P2.2 billion total value of constructions in the same quarter of
2017.

By type of construction,
the total value of additions/alterations and repairs more than
doubled, posting an increase of 112.5%, from P87.2 million in the
second quarter of 2017 to P185.2 million during the quarter in
review.

Similarly, aggregate value
of residential building constructions increased by 24.4%, from
P911.5 million in the same period of 2017 to P1.1 billion in the
second quarter of 2018.

On the other hand, total
value of Non-Residential Buildings declined by 7.1% to P1.1 billion
in the second quarter of 2018 from P1.2 billion in the second
quarter of 2017.

Total value of Residential
Building in the region comprised the largest share in terms of value
at 46.9%. Value of constructions of Non-Residential Building
contributed 45.5%, while Additions/Alterations and Repairs accounted
for 7.7% of the region’s total value of construction.

Average cost per square
meter was estimated at P8,198 for Residential Building and P8,926
for Non-Residential Building.

Data were based on the
preliminary results of construction statistics from approved
building permits.