Approved building permits climb 13% in June

Approved building permits rose 13% year on year in June, driven by the double-digit growth in single house units for residential constructions, data from the Philippine Statistics Authority showed. Building projects covered by the permits grew to 16,128 in June from 14,270 a year earlier. These construction projects represented by the permits were valued at P51.67 billion in June, 28.4% higher than the P40.25 billion a year ago.