In terms of investment, residential construction was the main category, with a total amount of RD$64,011,930,268.
SANTO DOMINGO- During the third quarter of 2024, 59,818 direct jobs were created through the construction sector, according to a report from the Ministry of Housing, Habitat and Buildings (Mivhed), which states that the total investment in building works in the Dominican Republic during that period amounted to RD$80.75 billion pesos.
The “Bulletin of Statistics on Application and Issuance of Housing and Building Construction Licenses (July-September 2024)”, reveals that during that period 299 construction applications were registered and 387 licenses were issued.
The report indicates that 129 permits were granted in July, a figure that increased to 137 licenses in August, representing a 6.2% growth. However, September saw an 11.7% drop, with only 121 licenses issued.
Regarding the territorial distribution of the licenses issued, the provinces that stood out were Santo Domingo, with 88 licenses; the National District, with 76; and La Altagracia, with 68 licenses.
According to projections from the National Statistics Office (ONE) for 2024, these provinces, with the largest projected populations (Santo Domingo with 3,151,170 inhabitants and the National District with 1,074,546 inhabitants), lead the demand for urban developments, both for housing and for commercial and infrastructure projects.
On the other hand, the provinces with the fewest license issues were Barahona, El Seibo, Hato Mayor, María Trinidad Sánchez, Monte Cristi, Peravia, Santiago Rodríguez, Hermanas Mirabal, Sánchez Ramírez, Puerto Plata, San José de Ocoa and Valverde, with only one license approved each during the period.
Investment
In terms of investment, residential construction was the leading category, totaling RD$64,011,930,268, representing the largest share of resources allocated to projects. This was followed by lodging projects, with an investment of RD$5,828,234,984; and commercial and office projects with RD$4,547,931,960. Special structures accounted for an investment of RD$3,098,688,736, while combined projects totaled RD$1,606,745,712, according to the Mivhed report.
In total, the assessed investment in building works during the third quarter of 2024 amounted to RD$80,754,882,780, a figure that reflects a diversified distribution among the different types of construction.
Santo Domingo leads the list with the highest total investment recorded, reaching an amount of RD$ 26,560,614,080. In second place is La Altagracia, with a total of RD$ 17,143,530,404, followed by the National District, with an amount of RD$ 16,191,352,892, Santiago is positioned in fourth place reaching RD$ 12,516,688,756, while La Vega is in fifth place with RD$ 3,027,682,944.
Cover photo: Fidel Pérez.
