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Housing Starts in Israel in 1981 Up Almost Nine Percent over 1980

August 17, 1981
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Housing starts in Israel in 1981 rose almost nine percent over the previous year, the largest jump since 1976, according to a report issued last month by the Builders and Contractors Association in Israel. Association president David Stern reported that 70,370 apartments were built at the end of March 1981, compared with around 64,000 during the same period last year.

The increase in housing construction followed four years of sluggish building activity, Stern said. In 1976, 76,230 apartments were built; that figure dropped to 60,130 in 1977, slumped further to 56,480 in 1978; rose slightly to 04,410 in 1979 and remained at that level throughout 1980.

In the third quarter of 1981, Stern put area construction for apartments and commercial buildings at more than 53 million square feet, a four percent increase over the same period last year. He attributed the gain to renewed government efforts to meet predetermined building quotas. Stern believes the number of apartments currently under construction should sufficiently meet Israel’s housing needs for the next two years.

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