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Canterbury leads growth in residential building activity

Canterbury leads growth in residential building activity

Media release
4 December 2013

Residential building activity grew strongly in the September 2013 quarter, particularly in Canterbury, Statistics New Zealand said today.

In current prices, residential building activity grew by a seasonally adjusted 9.0 percent. Within this, Canterbury region grew by 20 percent ($73 million) and the increase across the rest of the country was 6.2 percent ($89 million).

“Residential building activity is on the up again,” industry and labour statistics manager Clara Eatherley said. “In value terms, Canterbury region led with strong growth.”

Also in the Canterbury region this quarter, the value of non-residential building activity was 22 percent ($59 million) higher, following a 14 percent fall in the June quarter.

“A quarter of all building activity value was in the Canterbury region this quarter,” Ms Eatherley said. “Both residential and non-residential building activity in Canterbury grew at least a fifth, recovering from falls in the June 2013 quarter.”

Across the country, the volume of residential building activity rose 8.1 percent this quarter and nonresidential building activity fell 6.4 percent, while overall building activity increased 1.4 percent.

The volume trend for all building activity continued to grow in the September 2013 quarter, but the rate of growth appears to be slowing.

ENDS

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