Value of building work
The value of non-residential building work being undertaken is declining faster than residential builds
The value of non-residential building work being undertaken is declining faster than residential builds
Amount of new building work being started remains relatively subdued compared to previous years
Amount of new building work being started remains relatively subdued compared to previous years
The building industry contracted by $3.571 billion in the year to June
The value of new residential building work and new warehouse projects took big hits over the last year
2
The value of new residential building work and new warehouse projects took big hits over the last year
Stats NZ says the volume of residential building work dropped 2.4% on a seasonally adjusted basis in the December quarter - but non-residential construction rose 4.6%
15
Stats NZ says the volume of residential building work dropped 2.4% on a seasonally adjusted basis in the December quarter - but non-residential construction rose 4.6%
The value of new residential building work and some types of commercial construction, is starting to decline
8
The value of new residential building work and some types of commercial construction, is starting to decline
Stats NZ says the volume of residential building work dropped 2% on a seasonally adjusted basis in the June quarter - but non-residential construction rose
16
Stats NZ says the volume of residential building work dropped 2% on a seasonally adjusted basis in the June quarter - but non-residential construction rose
The value of building work being undertaken dropped by $459 million in the first quarter of 2023