Big rise in building work

JAMES WEIR
Last updated 11:22 05/12/2012

Relevant offers

Industries

UN panel seeks cuts to aircraft emissions Foreign company eyes new factory in South Canterbury Springboks' mateship and French fearlessness could have undone All Blacks House values slip around New Zealand, led by Auckland: QV Twitter share price tumbles to all-time low Wired debuts ad-free website to appease ad blockers Todd family believed to be selling Winegrowers of Ara in Marlborough Falling truck movements suggest 2016 off to a "rough start" Union: Meatworkers forced into Waitangi Day work using 'mondayisation' loophole Air New Zealand investing more than $25m in precision flying technology

In the biggest quarterly jump in a decade, building work grew almost 10 per cent in the three months to the end of September, according to official figures.

The Christchurch rebuild is a factor in the leap, but house building in the upper North Island, especially Auckland, is also growing strongly. Commercial building work is also growing rapidly.

Statistics NZ said the seasonally adjusted volume of building activity increased 9.6 per cent in the September 2012 quarter.

"This is the largest quarterly increase for 10 years," industry and labour statistics manager Blair Cardno said.

"While the earthquake rebuild in Canterbury contributed to this, residential building work in the upper North Island also experienced growth."

"The increase in residential building work for the upper North Island is likely to be concentrated in the Auckland region," Mr Cardno said. "The number of building consents for new dwellings in this region has grown recently, reaching the highest level in four years."

For the country overall, non-residential building activity increased 12.4 per cent, while residential building activity increased 7.1 per cent.

The trend for overall building activity indicates strong growth in the September 2012 year.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content