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AUTHORIZED building permits decreased by 8.5% year-over-year in July as residential development initiatives fell, the Philippine Statistics Authority (PSA) disclosed.
Initial figures indicated that building initiatives included in the permits totaled 15,395 in July, down from 16,821 the previous year.
This marked a reversal from the 12.3% increase in July 2024 and the adjusted 14.9% growth observed in June.
During that month, construction initiatives encompassed 3.47 million square meters (sq.m) of floor space, down 2.1% compared to 3.54 million sq.m from the prior year.
These sanctioned building initiatives were appraised at P44.54 billion, 7.5% below the P48.16 billion recorded a year prior.
Permits for residential initiatives, which comprised 66% of the overall total, dropped 8.5% to 10,157 in July.
These initiatives were appraised at P19.77 billion, compared to P19.74 billion a year earlier.
Single-family homes constituted 79.1% of the residential segment, with approved permits declining by 10.9% to 8,034.
Requests for apartment complexes grew by 2.5% to 1,957, whereas applications for duplex or quadruplex residences decreased by 3.1% to 155.
Conversely, non-residential initiatives recorded 3,205 approvals in July, falling 8.8% from the previous year.
Non-residential permits were evaluated at P19.84 billion, a decrease of 16.6% from P23.78 billion a year ago.
Approved commercial construction permits amounted to 2,150, reflecting an 11.3% decline.
Permits for expansions — construction that enhances the height or area of an existing structure — fell by 16% to 429 in July, while modification and repair permits totaled 1,133, decreasing by 15%.
Industrial permits surged 27.4% to 302, while institutional initiatives saw an 12.1% drop to 582 approvals.
Agricultural initiatives accounted for 89 approvals, down by 19.1%, while other non-residential projects reached 82 building permit approvals, decreasing by 2.4%.
Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon) recorded the highest number of approved construction projects for that month, making up 21.8% of the total with 3,350 permits.
This was trailed by Central Luzon (17.5% share with 2,697 permits), and Central Visayas (7.9% share with 1,210 permits).
In terms of value, Calabarzon captured P8.96 billion worth of construction initiatives, followed by the National Capital Region (P7.82 billion), and Central Luzon (P6.61 billion).
The PSA stated that construction statistics are accumulated from the copies of original application forms of sanctioned building permits as well as from demolition and fencing permits gathered monthly by the agency’s field personnel from the offices of local building regulators nationwide. — Heather Caitlin P. Mañago
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