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March Quarter Sees Building Activity On The Rise
The volume of building activity in New Zealand rose
3.2 percent in the March 2022 quarter, compared with the
December 2021 quarter, Stats NZ said
today.
Residential building activity rose 3.5 percent in the March 2022 quarter, while non-residential building activity rose 2.7 percent.
“Residential building activity has risen over the past two years, except in quarters impacted by alert level 4 lockdowns. This reflects the large number of consented new homes in the construction pipeline,” construction statistics manager Michael Heslop said.
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- March quarter sees building activity on the rise
- Value of building work put in place: March 2022 quarter
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