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Largest increase in residential building activity in 10 years
Embargoed until 10:45am  –  05 June 2013

Value of Building Work Put in Place: March 2013 quarter  –  Media Release

Residential building activity across the country jumped 12 percent in the March 2013 quarter, the highest increase in 10 years, Statistics New Zealand said today.

“Activity in the residential building sector has been steadily rising, and by March 2013 we had the fourth consecutive quarter of growth,” industry and labour statistics manager Blair Cardno said.

“Looking long-term, residential building activity has been trending up since September 2011, and is now at a level last seen in late 2008. The trend for overall building activity is also close to the level of the September 2008 quarter, after recovering from the low point of 18 months ago,” Mr Cardno said.

Nationally, non-residential building activity fell 0.8 percent in the March 2013 quarter, but surged ahead in the Canterbury region. Residential building work also grew strongly in Canterbury during the quarter.

The volume of overall building activity increased a seasonally adjusted 5.8 percent in the March 2013 quarter, following a 2.0 percent increase in the December 2012 quarter.

Ends

 
For media enquiries contact: Authorised by:

Blair Cardno 
Christchurch 03 964 8700
Email: info@stats.govt.nz

Published 5 June 2013

Dallas Welch (Mrs)
Acting Government Statistician
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