Housing starts up for first time in 18 months

New housing construction photo: Shutterstock/ASAP Creative

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There were 11,228 building starts for apartments in Israel in the second quarter of 2018, the Central Bureau of Statistics reports.

There were 11,228 building starts for apartments in Israel in the second quarter of 2018, the Central Bureau of Statistics reports. This represents a rise of 12.9% from the 9,945 homes started in the first quarter of 2018 and the first time in 18 months that housing starts have risen in consecutive quarters.

However, the number of housing starts in the second quarter of 2018 was 12.2% below the number of housing starts in the corresponding quarter of 2017.

Published by Globes [online], Israel business news - www.globes-online.com - on September 17, 2018