CMWPI in NCR continued its upward trend in May 2022

The CMWPI in NCR rose further at an annual rate of 8.3 percent in May 2022. Its annual growth in April 2022 was posted at 6.9 percent and in May 2021 at 2.0 percent.

Higher double-digit annual growths were still recorded during the month in the indices of G.I. sheet, which rose further to 13.8 percent; reinforcing and structural steel, 15.7 percent; and fuels and lubricants at 46.1 percent.

Annual increments were also higher in the indices of the following commodity groups during the month:

a. Sand and gravel, 3.8 percent; b. Hardware, 5.2 percent; c. Plywood, 4.7 percent; d. Lumber, 4.2 percent; e. Glass and glass products, 1.6 percent f. Doors, jambs, and steel casement, 2.0 percent; g. Painting works, 5.0 percent; and h. PVC pipes, 10.3 percent.

In addition, the index of tileworks registered an annual increase of 0.1 percent during the month after exhibiting an annual decline of -0.4 percent in the previous month.

On the other hand, annual hikes slowed down in the indices of concrete products and cement at 4.6 percent; electrical works, 8.6 percent; and plumbing fixtures and accessories/waterworks, 7.1 percent.

The indices of asphalt, and machinery and equipment rental retained their zero percent annual growth during the month.

Source: PSA

Government fails to attain 6-year housing target

The government has failed to complete its six-year housing target, as only 86 percent has been accomplished during the term of President Duterte.

As of end-2021, the Department of Human Settlements and Urban Development (DHSUD) said about 1.08 million house and lot units were produced and financed.

This is roughly 86 percent of the 1.26 million units targeted under the Philippine Development Plan 2016-2022.

Nonetheless, housing chief Eduardo Del Rosario said he is pleased and satisfied with the sector’s achievements under Duterte.

DHSUD’s annual housing production was pegged at 197,886, the highest among previous administrations since 1975.

He is optimistic that the incoming Marcos administration would sustain and boost the current gains.

“We must continuously innovate to ensure that our vision to be a ‘strong institution and catalyst for the provision of adequate and affordable housing, inclusive human settlements and well-planned communities for every Filipino family’ comes to light,” del Rosario said.

DHSUD has assisted 233 local government units in updating and ratifying their comprehensive land use plans and provincial development and physical framework plans.

It also crafted real estate development policies and issued directives to cushion the impact of the pandemic, issued 1,437 licenses to sell and certificates of registration to 36,624 dealers, brokers and salespersons in the last two years.

The DHSUD said it paved the way to further professionalize the housing industry, as well as revised the rules and regulations of the magna carta for homeowners associations nationwide.

Del Rosario said the DHSUD strengthened partnerships with LGUs and private developers through finalization of various agreements, some of which resulted in the construction of evacuation centers to boost the country’s disaster preparedness.

Source: Philstar

San Carlos aiming to build P1B sports complex

The San Carlos City government is aiming to enter into a public-private partnership for the construction of a P1 billion sports complex, Mayor Renato Gustilo said on June 5.

The sports complex will be built on a 5-hectare city government owned property in Galicia, San Carlos City, he said.

Under the PPP scheme the city can start paying for a loan for its construction three years after it is availed of, Gustilo said.

There is a contractor that has offered to partner with the city government for the construction of the sports complex, he added.

Gustilo said the San Carlos Sports Complex is expected to be bigger and more modern than the Panaad Park and Stadium in Bacolod City owned by the Negros Occidental provincial government.

The Development Bank of the Philippines has assured that a loan for the project can be approved in three to four months, he said.

The San Carlos City government is also constructing a 7-storey annex to its city hall, and has purchased land in the area for future expansion, he said.

Gustilo said P100 million has also been allocated by the Department of Public Works and Highways Special Task Force to End Local Communist Armed Conflict for the concreting of roads in barangays Codcod, Nataban, Buluangan, Guadalupe, and Quezon.

The concreting of the barangay roads is expected to be completed this year, he said.

Also in the pipeline is the construction of a circumferential road that will connect a future reclamation area of San Carlos City going to the port, he said.

Source: Digicast Negros