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Residential building activity growth continues

Residential building activity growth continues


5 March 2014


A 6.0 percent rise in residential building activity in Canterbury boosted the national increase to 2.5 percent in the December 2013 quarter, Statistics New Zealand said today.

In current prices, residential building activity grew a seasonally adjusted 2.5 percent ($48 million). Canterbury region grew 6.0 percent ($27 million) and the increase across the rest of New Zealand was 1.4 percent ($22 million).

“Residential construction in Canterbury region contributed much of the growth in residential building activity this quarter, further strengthening the trend,” industry and labour statistics manager Blair Cardno said.

Nationally, the current price value of non-residential building activity fell a seasonally adjusted 2.6 percent.

The volume of residential building activity increased 1.1 percent this quarter, and non-residential building activity fell 3.9 percent. Overall building activity fell 1.0 percent, and the trend is flat.

For more information about these statistics:
• Visit Value of Building Work Put in Place: December 2013 quarter


Ends

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