Building Activity - March 2014

MARCH KEY FIGURES

Mar qtr 14
Dec qtr 13 to Mar qtr 14
Mar qtr 13 to Mar qtr 14
$m
% change
% change

TREND ESTIMATES(a)

Value of work done
21 613.4
1.5
4.7
New residential building
10 992.6
2.5
5.3
Alterations and additions to residential building
1 770.5
0.6
2.2
Non-residential building
8 845.2
0.3
4.4

SEASONALLY ADJUSTED ESTIMATES

Value of work done
21 822.5
3.7
6.4
New residential building
11 249.5
7.6
8.5
Alterations and additions to residential building
1 780.5
0.8
5.9
Non-residential building
8 792.4
-0.3
4.0

(a) Reference year for chain volume measures is 2011-12


 

Value of work done, Chain volume measures
Graph: Value of work done, Chain volume measures

Value of work done, Chain volume measures - Trend estimates
Graph: Value of work done, chain volume measures  Trend estimates




BUILDING WORK DONE

  • The trend estimate of the value of total building work done rose 1.5% in the March quarter.
  • The seasonally adjusted estimate of the value of total building work done rose 3.7% to $21,822.5m in the March quarter, following a fall of 0.4% in the December quarter.



NEW RESIDENTIAL BUILDING WORK DONE

  • The trend estimate of the value of new residential building work done rose 2.5% in the March quarter. The value of work done on new houses rose 2.1%, while new other residential building rose 3.2%.
  • The seasonally adjusted estimate of the value of new residential building work done rose 7.6% to $11,249.5m in the March quarter. Work done on new houses rose 5.3% to $6,700.6m, while new other residential building rose 11.1% to $4,549.0m.



NON-RESIDENTIAL WORK DONE

  • The trend estimate of the value of non-residential building work done rose 0.3% in the March quarter.
  • The seasonally adjusted estimate of the value of non-residential building work done fell 0.3% in the March quarter, following a fall of 0.2% in the December quarter.



DWELLING UNITS COMMENCED

Mar qtr 14
Dec qtr 13 to Mar qtr 14
Mar qtr 13 to Mar qtr 14
no.
% change
% change

TREND ESTIMATES

Total dwelling units commenced
47 920
6.3
18.3
New private sector houses
26 415
5.2
15.4
New private sector other residential building
20 417
8.3
25.2

SEASONALLY ADJUSTED ESTIMATES

Total dwelling units commenced
48 964
8.7
22.2
New private sector houses
27 322
12.9
23.5
New private sector other residential building
20 577
4.4
26.3

 

Dwelling units commenced
Graph: Dwelling units commenced

Private dwellings commenced, Trend estimates
Graph: Private dwellings commenced, Trend estimates




TOTAL DWELLINGS

  • The trend estimate for the total number of dwelling units commenced rose 6.3% in the March quarter, following a rise of 6.1% in the December quarter.
  • The seasonally adjusted estimate for the total number of dwelling units commenced rose 8.7% to 48,964 dwellings in the March quarter, following a rise of 8.7% in the December quarter.



NEW PRIVATE SECTOR HOUSES

  • The trend estimate for new private sector house commencements rose 5.2% in the March quarter, following a rise of 5.0% in the December quarter.
  • The seasonally adjusted estimate for new private sector house commencements rose 12.9% to 27,322 dwellings in the March quarter, following a rise of 0.2% in the December quarter.



NEW PRIVATE SECTOR OTHER RESIDENTIAL BUILDING

  • The trend estimate for new private sector other residential building commencements rose 8.3% in the March quarter, following a rise of 8.6% in the December quarter.
  • The seasonally adjusted estimate for new private sector other residential building rose 4.4% to 20,577 dwellings in the March quarter, following a rise of 23.1% in the December quarter.

Source: ABS