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Floor space of residential buildings under construction in China drops in 2017

According to new statistics presented by China National Statistical Office, building starts fell barely by 2.15 percent in comparison with the previous year. The variable negligibly decreased by 14 190.26 ten thousand square meter, as it follows the tendency of the prior year when it went down by 1.29 percent. The overall changes for the previous 25 years attained an increase of 554.03%. However, it has had a diminution at a 0.01% compound average annual growth rate during the last five years with a modest overall growth since the 1993. It averaged 345 035.07 ten thousand square meter from 1993 to 2017 and it reached its all-time high of 689 041.19 ten thousand square meter in 2014 and record low of 98 844 ten thousand square meter in 1993.

Floor space of residential buildings under construction in China drops in 2017
Date Ten Thousand Square Meter Variation
2017 646 471.81 -2.15
2016 660 662.06 -1.29
2015 669 297.13 -2.87
2014 689 041.19 2.36
2013 673 163.31 9.46
2012 614 990.56 6.97
2011 574 909.88 19.58
2010 480 772.88 11.43
2009 431 463.19 18.42
2008 364 354.38 15.44

Related Statistics

Construction Starts in other Countries

Main Construction Indicators

  • Building Permits

    Number of issued building permits, it is an indicator of the construction sector's growth. A building permit is an authorisation to start work on a building project. As such, a permit is the final stage of planning and building authorisations from public authorities, prior to the start of work. Based on: Eurostat.

  • Construction Completions

    Number of new privately owned housing units completed. Is is an indicator of construction work actually completed within a given period of time or at a particular point in time. Based on: Organisation for Economic Co-operation and Development.

  • Construction GDP

    Value of output of the construction industry less the value of intermediate consumption (intermediate inputs) used in this industry. It can be expressed in millions or billions of national currency, or in percentage of GDP. Based on: Organisation for Economic Co-operation and Development.

  • Construction Output

    Measure of the production in the construction industry.

  • Construction Spending

    Value of total spending in the construction industry, usually expressed in millions billions of national currency. It includes the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction and contractor's profts. Based on: US Census Bureau.

  • Construction Starts

    Number of new buildings on which construction has been started in a given period. Start of a construction occurs when excavation begins for the footings or foundation of a building. Based on: U.S. Census Bureau.

  • Buildings Under Construction

    Number of buildings in a state of construction (up until they receive their certificate of occupancy), at a given date in a country.

  • Building Materials Import

  • Building Materials Export