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

 

Increase in Residential Construction Work

Value of Building Work Put in Place - June 1999 quarter

Increase in Residential Construction Work

The seasonally adjusted value of work put in place on residential building projects has increased 5.7 per cent compared with the March 1999 quarter. This reflects recent high levels of building consents issued for construction of new dwellings. The total value of residential construction work in the June 1999 quarter was $1,023.3 million, which is the highest total since the December 1997 quarter. The underlying trend for the value of residential building work put in place has shown an increase for the second consecutive quarter.

The underlying trend for the value of non-residential building work put in place has been declining for three successive quarters. The value of non-residential work in the June 1999 quarter was $625.1 million. Non-residential building consents statistics have also indicated little growth in investment in non-residential building projects. Miscellaneous and multi-purpose buildings were the major contributor to non-residential buildings this quarter. Construction on recreational and sports stadium projects in Auckland and Wellington have influenced the total value for this building type.

When the all building series has been adjusted to remove the effects of seasonality and inflation, the total value of work put in place has increased 2.1 per cent compared with the previous quarter. The underlying trend for the all buildings series has also shown slight increases for two quarters. The strong growth in the residential building series is over-shadowing the continuing decline in non-residential building work.

Ian Ewing
Deputy Government Statistician

16 August 1999




© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Robertson Speech: Budget Sees Wider Debt Target

"New Zealand is well positioned to face this instability and uncertainty, but we are not immune from its impacts. Growth rates are set to be lower than we have seen in recent years..." More>>

ALSO:

Commerce Commission: Spark Warned Of Broadband Price Rise

The warning follows an investigation into representations Spark made on its website and in emails in August and September 2018, notifying in-contract customers receiving its copper-based broadband service of its decision to increase the price by $5 a month. More>>

Law Commission: Resist Rushing To New “Deepfake” Law

Artificial intelligence techniques can create massive volumes of fake audio, images and video that is incredibly convincing and near-impossible to detect... While it is tempting to respond with new law, the study finds that the long list of current legislation covering the issues may be sufficient. More>>

ALSO:

'Contrary To US Interests': US Lockout Sees Android Ditch Huawei

Effective May 16, 2019, the Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) by adding Huawei Technologies Co., Ltd. (Huawei) to the Entity List. More>>

ALSO: