building permits latest publications
In May, 7.085 vpermits were signed, 41,3% more than in the previous month. The growth was bigger than expected and offsets the fall of the preious month. On their part, rehabilitation works grew by 5% in May in regards to the observed number in April.
4795 permits were signed in April, 20,3% less than the preceding month. The setback was higher than expexted which offsets the growth of the previous months. On the other hand, refurbishment works in April remained practically stagnant in regards to the previous month.
6.176 permits were signed in March, el 9,4% more than in the previous month. The number is better than expected and ends a positive quarter in the housing market. On the other hand, rehabilitation works went back in March and dragged the quarter to a 1,5% quarterly fall.
April 28, 2016
Spain | Permits in February 2016: good beginning of the year despite the fall in the month
During February 5,663 permits were signed, 6.5% less than in January, an evolution in line with the expected that confirms a better beginning of year than in 2015. About rehabilitation work, after two months of permits contraction, these increased in February 3.2% from the previous month.
The residential demand´s fundamentals are developing positively. However, increased consumer uncertainty could be behinf lower sales growth and the mortgage lending growth moderation. Housing starts rose in November and supply variables evolved positively.