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Value of Building Work Put in Place: March 2015 quarter (corrected)
Embargoed until 06:00pm  –  05 June 2015
Key facts

Note: We have corrected the seasonally adjusted volume of building work put in place for the March 2015 and December 2014 quarters. We corrected the trend volumes for both quarters, and also the September 2014 quarter.

See Corrections and revisions for more information.

For the March 2015 quarter, after price changes and seasonal variations are removed:

  • Residential building activity rose 1.5 percent. 
  • Non-residential building activity rose 1.5 percent. 
  • All building activity rose 1.5 percent. 

The volume trend for residential buildings is now 67 percent higher than the September 2011 quarter low point. However, the current level is still 7.6 percent lower than the series high which was reached over 10 years ago in the June 2004 quarter.

 Graph, Residential building work

In current prices, the actual value of all building work was $3,864 million, comprising $2,447 million of work on residential buildings and $1,417 million of non-residential work. 

For all building work, 60 percent of the total came from two regions:

  • Auckland – $1,246 million
  • Canterbury – $1,083 million.

Liz MacPherson, Government Statistician
ISSN 1178-0371
5 June 2015

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