Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Value of Residential Building Work Rises

Value of Residential Building Work Put in Place Continues to Rise

The value of residential building work put in place was $1,748 million in the December 2003 quarter, according to Statistics New Zealand. This is $326 million or 23 percent higher, when compared with the December 2002 quarter. The trend for the value of residential building work put in place has been rising since the March 2001 quarter.

The value of non-residential building work put in place was $892 million in the December 2003 quarter, up $21 million or 2 percent, compared with the December 2002 quarter.

Commercial buildings made the largest contribution to non-residential building work put in place with $250 million or 28 percent of the non-residential total in the December 2003 quarter. The trend for the value of non-residential building work put in place has been rising since the March 2003 quarter.

In the December 2003 quarter, the total value of all building work put in place was $2,641 million, up $347 million or 15 percent, compared with the December 2002 quarter. The trend for all building work put in place has been rising since the March 2001 quarter.

The deflated value (the value after the effects of price changes have been removed) of residential building work put in place was 14 percent higher in the December 2003 quarter than in the December 2002 quarter. The deflated value of non-residential building work put in place was down 3 percent, while the deflated value of all building work put in place was up 7 percent, when comparing the two December quarters.

David Archer

Acting Government Statistician

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>