8752.0 - Building Activity, Australia, Dec 2011 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 18/04/2012   
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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

Dec qtr 11
Sep qtr 11 to Dec qtr 11
Dec qtr 10 to Dec qtr 11
$m
% change
% change

Trend(a)

Value of work commenced
16 990.9
-6.6
-10.6
New residential building
8 951.5
-4.5
-12.7
Alterations and additions to residential building
1 731.0
-1.4
-2.5
Non-residential building
6 349.6
-9.9
-9.2

Seasonally Adjusted(a)

Value of work commenced
15 870.8
-16.6
-14.8
New residential building
8 913.4
-5.0
-11.8
Alterations and additions to residential building
1 680.8
-6.5
-8.2
Non-residential building
5 276.5
-32.8
-21.1

(a) Reference year for chain volume measures is 2009-10. Refer to paragraphs 31-35 of the Explanatory Notes.



TREND
  • The trend estimate of the total value of building work commenced fell 6.6% in the December quarter 2011, and has fallen for seven quarters.
  • The value of new residential building commenced fell 4.5% and has fallen for six quarters. The value of new house commencements fell 2.1% and new other residential commencements fell 7.9%. The value of commencements for alterations and additions to residential buildings fell 1.4%.
  • The value of non-residential building commenced fell 9.9%.
Value of Work Commenced in Volume Terms, Trend
Graph: Value of Work Commenced in Volume Terms, Trend



SEASONALLY ADJUSTED
  • In seasonally adjusted terms, the estimate of the total value of building work commenced in the December quarter fell 16.6% to $15,870.8m following a fall of 0.7% in September 2011.
  • Commencements of new residential buildings fell 5.0% to $8,913.4m. New house commencements rose 0.2%, to $6,059.5m, and new other residential building fell 14.3% to $2,853.9m. Alterations and additions fell 6.5% to $1,680.8m. Non-residential work commenced fell 32.8%, to $5,276.5m.