The value of building work being undertaken continues to rise, with Statistics NZ's September Quarter Survey of Building Work Put in place recording $6.523 billion of new building work in the September quarter, up 4.7% compared to the June quarter and up 11.6% compared to the September quarter of last year.
That was made up of $4.092 billion of residential building work (up 8% on Q3 2018) and $2.43 billion of non-residential building work (up 18.3% on Q3 2018).
In the 12 months to September $24.943 billion of new building work was put in place, up 11.8% on the previous 12 months.
The biggest increase was in Waikato where $604 million of new building work was commenced in Q3 2019, up 17.7% on the same quarter of last year, followed by Wellington Region $532 million (+15.0%), Auckland $2.748 billion (+14.9%), while Canterbury recorded $947 million (+1.0%).
In the non-residential construction market, the biggest increase in Q3 this year compared to Q3 last year was for hotels, motels, boarding houses and prisons +41.3%, followed by retail premises +35.1%, warehouses and other storage facilities +28.5%, factories and industrial buildings +21.4% and cultural and religious buildings +19.7% and hospitals and nursing homes +14.7%.
The only sectors to record lower building work in Q3 this year compared to a year earlier were educational buildings which were down by 3.7% and residential building alteration work which was down 1.3%.
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