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Residential Construction Increases

Value Of Building Work Put In Place: December 2001 Quarter

The value of work put in place for residential buildings was $1,191.7 million in the December 2001 quarter, according to Statistics New Zealand. The trend in residential buildings has increased by 14.0 percent from the September 2001 quarter. The trend series for residential building work put in place has been increasing since the March 2001 quarter.

The value of work put in place for non-residential buildings was $804.4 million in the December 2001 quarter. After adjusting for seasonal changes, this is a 9.9 percent decrease from the September 2001 quarter.

The trend in non-residential building construction decreased by 4.1 percent from the September 2001 quarter.

The building type with the largest value of work put in place in the December 2001 quarter was commercial buildings with $226.7 million.

The value of all building work put in place was $1,996.1 million in the December 2001 quarter. After adjusting for seasonal changes, this was a 7.4 percent increase from the September 2001 quarter. This number reflects the increase in work put in place for residential buildings, which has been partially offset by a decrease in the work put in place for non-residential buildings.

The trend in the value of all building construction increased 5.9 percent from the September 2001 quarter.

Brian Pink
Government Statistician
END


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