Residential Construction Decreases

Friday, 23 February 2001, 3:34 pm
Press Release: Statistics New Zealand

Value Of Building Work Put In Place: December 2000 Quarter

The value of residential building work put in place decreased by 13.9 per cent in the December 2000 quarter after adjusting for seasonal fluctuations, according to Statistics New Zealand. Overall this resulted in a decrease in building activity for the quarter.

The total value of building work put in place in the December 2000 quarter was $1,746.4 million. After seasonal fluctuations have been removed it was 3.9 per cent lower than for the September 2000 quarter.

The decrease in residential building construction was partly offset by an increase in non-residential building construction. The value of non-residential building work put in place during the December 2000 quarter was $789.0 million. Once seasonal effects have been removed this is 12.1 per cent higher than the September 2000 quarter. Commercial buildings contributed the greatest amount to the total value of non-residential building work put in place. Work put in place on education buildings however, had the largest percentage change compared to the same quarter of the previous year, up 34.2 per cent.

The increase in non-residential building work put in place in the December 2000 quarter occurred in most areas of New Zealand. The decrease in residential building work put in place also occurred in most areas of New Zealand.

The trend in the value of work put in place on residential buildings has been decreasing since the March 2000 quarter. This reflects the decline in residential building consents over the same period. The trend for the value of work put in place on non-residential building has been increasing since the June 2000 quarter.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN

END

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