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

 

Value of Residential Building Work Up 13 Percent


Value of Residential Building Work Up 13 Percent

The seasonally adjusted value of residential building work put in place increased 13 percent in the March 2004 quarter, when compared with the December 2003 quarter, according to Statistics New Zealand. The actual value of residential building work put in place was $1,687 million in the March 2004 quarter, up $392 million (30 percent) when compared with the March 2003 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 $817 million in the March 2004 quarter, up $90 million (12 percent) when compared with the March 2003 quarter.

Commercial buildings made the largest contribution, with $225 million (27 percent) of the non-residential total in the March 2004 quarter. Seasonally adjusted, the value of non-residential building work put in place increased 7 percent from the December 2003 quarter to the March 2004 quarter. The trend has been rising since the March 2003 quarter.

In the March 2004 quarter, the total value of all building work put in place was $2,504 million, up $481 million (24 percent) when compared with the March 2003 quarter. Seasonally adjusted, the value increased 11 percent from the December 2003 quarter to the March 2004 quarter. The trend for the value of all building work put in place has been rising since the March 2001 quarter.

After adjusting for price changes, the value of residential building work put in place increased 20 percent from the March 2003 quarter to the March 2004 quarter. The value of non-residential building work increased 6 percent between the two March quarters, while the value of all building work increased 14 percent over the same period.

Ian Ewing

Acting Government Statistician

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: