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Building volume edges down
Embargoed until 10:45am  –  05 September 2017

Value of Building Work Put in Place: June 2017 quarter  –  Media Release

Total building activity, in seasonally adjusted volume terms, fell 0.5 percent in the June 2017 quarter, Stats NZ said today. Non-residential building activity was down 0.7 percent and residential building activity was down 0.4 percent, compared with the March 2017 quarter.

"This is the second quarter in a row that building activity has fallen, as the post-earthquake residential rebuild in Canterbury winds down," prices and construction senior manager Jason Attewell said. "In unadjusted terms, building activity in Canterbury slipped to just under $1 billion a quarter for the first time in almost three years."

In Auckland, overall building activity was almost $2 billion in the June 2017 quarter, including $1.3 billion on residential buildings. Non-residential building activity rose a seasonally adjusted 18 percent, following an 18 percent fall in the March 2017 quarter. The actual value in the June quarter was $671 million, near the December 2016 quarter high-point of $703 million.

Nationally, the actual value of building work on new homes was $2.8 billion in the June 2017 quarter, making a total of $3.4 billion of residential work including alterations and additions. There was also $1.8 billion of work on non-residential buildings.

The value of building work put in place estimates the dollar value and volume of construction work on residential and non-residential buildings each quarter, also known as building activity. The monthly data in Building consents issued reflects an intention to build, while building activity starts after the consent is issued.

See Experimental dwelling completions for experimental series on subnational dwelling completions and stock estimates.

Ends

For media enquiries contact: Jason Attewell, Wellington 021 958 006, info@stats.govt.nz
Authorised by Liz MacPherson, Government Statistician, 5 September 2017

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