3 Sep 2014

Building activity up in June quarter

12:51 pm on 3 September 2014

Building activity is up, with official figures showing the seasonally adjusted value of building work rising 1.8 percent in the three months to June compared with the previous quarter.

Excluding price changes, volumes rose by 1 percent after a large jump in the previous quarter.

The volume of residential building activity remained unchanged, while non-residential construction rose by 2.5 percent.

Statistics New Zealand said activity grew most in Auckland and Canterbury.

The department said the trend in the volume of building activity volumes had been generally rising for nearly three years and was 0.7 percent below the peak reached in the middle of 2005.

The value of all building activity stood at $3.8 billion in the June quarter, comprising $2.3 billion of residential building work and $1.4 billion of non-residential building work.