Building work dips in March quarter

Last updated 11:08 06/06/2012

Relevant offers

Commercial Property

Wellington dairy owner regrets actions after altering historic building without consent Harnessing the power of Pokémon Go Mystery hotel brand to take over Old T&G building Motion to cease Shelly Bay talks passed at Port Nicholson Block Settlement Trust AGM Hotels - who are the biggest players? Strong demand expected for Seaview warehouse site Views aplenty for Deloitte House's new owner Property manager's win bolsters landlords in tenancy law Multimillion-dollar old hospital development 'paused' New rateable values for Upper Hutt show an average 19 per cent increase across the city

Total building work hit a pothole in the March quarter, dipping 0.4 per cent, as home building remained near an 18-year low.

Residential building work fell 2.4 per cent in the March quarter, after two quarters of increases. But non-residential commercial building was up 1.7 per cent, following a similar increase in the previous quarter.

After accounting for price changes and typical seasonal moves, Statistics New Zealand figures showed a slight fall in building activity the March quarter after a 2.8 per cent rise in the December quarter.

The figures relate to building work carried out, rather than consents which indicate the level of planned work.

"The overall decrease in the March 2012 quarter was due to a fall in residential work, which more than offset a rise in non-residential work," industry and labour statistics manager Blair Cardno said.

"Building activity in Canterbury showed signs of picking up after the earthquakes, particularly for non-residential building work. However, overall building activity decreased in the rest of New Zealand."

The trend for overall building activity continues to rise from the 10-year low point of the September 2011 quarter.

The trend for home house building has risen only slightly from an 18-year low.

The trend for commercial, non-residential building has improved moderately after falling for most of last year.

Contact James Weir
Business editor

Ad Feedback



Special offers
Opinion poll

Do you rent or own your home?

Rent alone

Rent with others

Own with mortgage

Own freehold

Vote Result

Related story: $1m-plus in unclaimed bonds

Featured Promotions

Sponsored Content