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Value of Building Work Put in Place: June 2017 quarter
Embargoed until 10:45am  –  05 September 2017
Key facts

Building activity volume

For the June 2017 quarter compared with the March 2017 quarter, in seasonally adjusted volume terms:

  • residential building activity fell 0.4 percent
  • non-residential building activity fell 0.7 percent
  • all building activity fell 0.5 percent.

The volume trend for all building work has declined, but is still 65 percent higher than the most recent low point in the September 2011 quarter. It is also 13 percent higher than the earlier series peak in the June 2005 quarter. The volume trend series began in the December 1989 quarter, so does not include the 1970s' residential building boom as shown in Building consents issued.

All building work value

In current prices, the actual value of all building work was $5.2 billion – $3.4 billion on residential buildings and $1.8 billion on non-residential buildings. The total was up 4.9 percent on the previous June quarter.

The regions with the highest total values were:

  • Auckland – $2.0 billion
  • Canterbury – $1.0 billion.

In seasonally adjusted terms, the value of all building work rose in Auckland, Waikato, and the South Island excluding Canterbury (Rest of South Island) regions, and fell in Wellington, Canterbury, and the North Island excluding Auckland, Waikato, and Wellington regions (Rest of North Island).

Residential building value

The value of work on residential buildings rose a seasonally adjusted 1.0 percent in the June 2017 quarter, following a 0.1 percent rise in the March 2017 quarter.

Residential building prices rose by 1.6 percent in the June 2017 quarter, as measured by the Capital Goods Price Index (see Business Price Indexes: June 2017 quarter).

Compared with the June 2016 quarter, the value of residential building work increased 6.6 percent in Auckland, to $1,281 million or 38 percent of the New Zealand total. Value in the Rest of North Island increased 19 percent to $588 million, but decreased 15 percent to $533 million in Canterbury.

Non-residential building value

The value of work on non-residential buildings rose a seasonally adjusted 0.6 percent in the June 2017 quarter, following a 6.2 percent fall in the March 2017 quarter.

Non-residential building prices rose by 1.1 percent in the June 2017 quarter, as measured by the Capital Goods Price Index (see Business Price Indexes: June 2017 quarter).

The actual value of non-residential building work was $1.8 billion, up 0.2 percent from the June 2016 quarter.

The non-residential building types with the most work put in place (by value) were:

  • office, administration, and public transport buildings (offices) – $386 million (down 13 percent from the June 2016 quarter, driven by Canterbury)
  • education buildings – $329 million (up 12 percent, driven by the Rest of South Island and Auckland regions)
  • shops, restaurants, and bars (shops) – $201 million (down 27 percent, driven by falls in all regions except Wellington).

Find data tables

For more detailed data on the value of building work put in place, see the Excel tables in the 'Downloads' box.

Liz MacPherson, Government Statistician
ISSN 1178-0371 
5 September  2017

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