Release Date :
Reference Number :
2022-71
The total number of new construction projects from approved building permits in 3rd quarter 2022 was recorded at 521, reflecting a decrease of 4.23 percent from 544 constructions in same quarter last year.
The total floor area occupied for the new construction projects increased by 57.74 percent from 106,070 square meters in 3rd quarter 2021 to 167,318 square meters in 3rd quarter 2022. Moreover, the value of new construction projects was recorded at PhP2,486.41 million in 3rd quarter 2022, posting an increase of 147.32 percent from PhP1,005.35 million in the same quarter a year ago.
By type of construction, non-residential buildings accounted the highest share (71.97%) in terms of value in 3rd quarter 2022. The cost of constructing non-residential buildings increased by 548.59 percent with an estimated value of PhP1,789.47 million from PhP275.90 million in 3rd quarter of last year.
On the other hand, the value of constructing residential buildings decreased by 2.84 percent in 3rd quarter 2022 amounting to PhP692.09 million from PhP712.30 million in same quarter a year ago.
Moreover, the value of addition, repair, renovation and demolition of existing buildings also decreased to PhP0.49 million in 3rd quarter of 2022 from PhP17.15 million in the same period of last year, posting a decrease of 71.72 percent.
The figure above shows the distribution of approved building permits by city/municipality in La Union in 3rd quarter 2022.
Among the city/municipalities, the City of San Fernando registered the highest number of construction projects with a share of 19.00 percent (99 constructions) to the total approved building permits in La Union in 3rd quarter 2022. Compared with the number of constructions in the same quarter a year ago (144 building constructions), it registered a decrease of 31.25 percent.
Other municipalities with high number of construction projects in 3rd quarter 2022 included Bauang with 73 constructions (14.01 percent share), Bacnotan with 51 constructions (9.79 percent share), San Juan with 50 constructions (9.60 percent share), and Rosario with 49 constructions (9.40 percent share).
In La Union, the Bacnotan occupied the top rank in terms of the value of new constructions in 3rd quarter 2022 with a share of 43.47 percent (PhP1,080.87 million) to the provincial total. The City of San Fernando ranked second with a share of 22.36 percent (PhP555.96 million) while Sto. Tomas ranked third with a share of 6.34 percent (PhP157.73 million).
In 3rd quarter 2021, the City of San Fernando had the highest value of construction projects among the city/municipalities contributing 32.16 percent (PhP323.27 million) to the provincial total. The municipality of Rosario ranked second with a share of 21.13 percent (PhP212.48 million) while Naguilian placed third with a share of 7.04 percent (PhP70.80 million).
TECHNICAL NOTES
Scope and Coverage
Private construction statistics from approved building permits pertain to data on new constructions and additions, alterations and repairs of existing residential and non-residential buildings and other structures undertaken in all city/municipalities of the country.
For this publication, the scope and coverage are all city/municipalities in La Union.
Source of Information
Data were taken from the original application forms of approved building permits collected every month by the Philippine Statistics Authority (PSA) field personnel from the offices of Local Building Officials (LBOs) provincewide.
Limitation
1. Data on private building constructions refer to those proposed to be constructed during the reference period and not to construction work completed during the reference period.
2. The completeness of the number of building permits collected relies on the collection of applications filed with the LBOs. Hence, private building constructions without approved building permits are excluded in the tabulation of data.
Definition of Terms
Building Permit is a written authorization granted by the LBO to an applicant allowing him to proceed with the construction of a specific project after plans, specifications and other pertinent documents have been found to be in conformity with the National Building Code (RA 6541).
Building is any independent, free-standing structure comprised of one or more rooms or other spaces, covered by a roof and enclosed with external walls or dividing walls which extend from the foundation to the roof.
Floor Area of Building refers to the sum of the area of each floor of the building measured to the outer surface of the outer walls including the area of lobbies, cellars, elevator shafts and all communal spaces in multi-dwellings. Areas of balconies are excluded.
Total Value of Construction refers to the sum of the cost of building, electrical, mechanical, plumbing, and others. The value is derived from the approved building permit and represents the estimated value of the building or structure when completed.
SGD. DANITES E. TEÑIDO, Ph.D.
Chief Statistical Specialist
/KJGH
