Picture: ISTOCK

THE steep downtrend in the value of building plans is accelerating, figures released by Statistics SA show.

Stats SA conducts a monthly building statistics survey financed by the private sector.

The real value of recorded building plans passed (at constant 2010 prices) fell 1.3% (R938.4m) year on year during January to November 2015, Stats SA said. Previously, it reported the January to October 2015 value as having declined 0.2% (R113m), year on year

The value of nonresidential buildings fell 9.8% (R1.7986bn) and residential buildings rose by 2.5% (R854.1m). In the previous bulletin, Stats SA reported the value of nonresidential buildings as 6.7% (R1.120bn) lower for January to October 2015.

The real value of buildings reported as completed (at constant 2010 prices) increased 1.4% (R562.9m) year on year during January to November 2015.

The value of residential buildings rose 9.2% (R1.9209bn) and nonresidential buildings fell 10.0% (R1.1778bn) year on year.