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