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MARCH KEY FIGURES

VALUE OF WORK DONE, CHAIN VOLUME MEASURES

	Mar qtr 17	Dec qtr 16 to Mar qtr 17	Mar qtr 16 to Mar qtr 17
	$m	% change	% change
TREND ESTIMATES(a)
Value of work done	26 491.0	-1.0	-1.5
New residential building	15 495.0	-1.5	-0.8
Alterations and additions to residential building	2 072.8	-1.0	1.5
Non-residential building	8 929.7	-	-3.4
SEASONALLY ADJUSTED ESTIMATES(a)
Value of work done	26 410.4	-2.4	-1.5
New residential building	15 290.7	-4.4	-2.7
Alterations and additions to residential building	2 033.7	-5.1	-0.1
Non-residential building	9 086.1	1.7	0.3
- nil or rounded to zero (including null cells)
(a) Reference year for chain volume measures is 2014-15

Value of work done, Chain volume measures

Value of work done, Chain volume measures - Trend estimates

• The trend estimate of the value of total building work done fell 1.0% in the March 2017 quarter.
• The seasonally adjusted estimate of the value of total building work done fell 2.4% to $26,410.4m in the March quarter, following a rise of 2.2% in the December 2016 quarter.

• The trend estimate of the value of new residential building work done fell 1.5% in the March quarter. The value of work done on new houses fell 1.2% while new other residential building fell 1.9%.
• The seasonally adjusted estimate of the value of new residential building work done fell 4.4% to $15,290.7m. Work done on new houses fell 2.5% to $8,198.9m, while new other residential building fell 6.5% to $7,091.8m.

• The trend estimate of the value of non-residential building work done was flat in the March quarter.
• The seasonally adjusted estimate of the value of non-residential building work done in the quarter rose 1.7%, following a rise of 3.1% in the December 2016 quarter.

	Mar qtr 17	Dec qtr 16 to Mar qtr 17	Mar qtr 16 to Mar qtr 17
	no.	% change	% change
TREND ESTIMATES
Total dwelling units commenced	52 487	-4.3	-11.4
New private sector houses	26 484	-5.4	-8.0
New private sector other residential building	24 637	-3.4	-14.9
SEASONALLY ADJUSTED ESTIMATES
Total dwelling units commenced	50 395	-11.4	-19.2
New private sector houses	25 979	-7.9	-8.7
New private sector other residential building	23 015	-15.3	-28.6

Dwelling units commenced

Private dwellings commenced, Trend estimates

• The trend estimate for the total number of dwelling units commenced fell 4.3% in the March 2017 quarter following a fall of 4.4% in the December quarter.
• The seasonally adjusted estimate for the total number of dwelling units commenced fell 11.4% to 50,395 dwellings in the March quarter following a fall of 0.1% in the December quarter.

• The trend estimate for new private sector house commencements fell 5.4% in the March quarter following a fall of 3.9% in the December quarter.
• The seasonally adjusted estimate for new private sector house commencements fell 7.9% to 25,979 dwellings in the March quarter following a fall of 3.8% in the December quarter.

• The trend estimate for new private sector other residential building commencements fell 3.4% in the March quarter following a fall of 4.8% in the December quarter.
• The seasonally adjusted estimate for new private sector other residential building fell 15.3% to 23,015 dwellings in the March quarter following a rise of 1.9% in the December quarter.

• the total value of work done in Australia during the December quarter 2016 has been revised upwards by $399.3m or 1.4%.
• the total value of work commenced in Australia during the December quarter 2016 has been revised upwards by $975.2m or 3.5%. This was driven by a 1.7% ($346.3m) revision to total residential commencements and a 7.9% ($628.9m) revision to non-residential commencements.
• the number of dwelling unit commencements in the December quarter 2016 has been revised upwards by 705 dwellings or 1.2%.