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8752.0 - Building Activity, Australia, Mar 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/07/2008   
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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

Mar qtr 08
Dec qtr 07 to Mar qtr 08
Mar qtr 07 to Mar qtr 08
$m
% change
% change

Trend(a)

Value of work commenced
17 572.7
-
5.3
New residential building
8 935.3
1.1
5.9
Alterations and additions to residential building
1 621.5
0.6
8.9
Non-residential building
7 021.4
-1.5
3.9

Seasonally Adjusted(a)

Value of work commenced
16 925.5
-7.7
0.8
New residential building
8 823.4
-1.6
5.8
Alterations and additions to residential building
1 566.6
-7.2
8.6
Non-residential building
6 535.5
-14.8
-6.7

- nil or rounded to zero (including null cells)
(a) Chain volume measures, reference year 2005-06.



TREND
  • The trend estimate of the total value of building work commenced was flat in the March quarter 2008.
  • The value of new residential building commenced rose 1.1%. New house commencements rose 0.5% and new other residential commencements rose 2.1%. The value of commencements for alterations and additions to residential buildings rose 0.6%. The value of non-residential building fell by 1.5%.
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 March quarter fell 7.7% from the revised December 2007 quarter estimate.
  • Commencements of new residential buildings rose 1.6%, to $8,823.4m. New house commencements fell 4.6%, to $6,037.5m, while new other residential building rose 5.6%, to $2,785.9m. Alterations and additions fell 7.2%, to $1,566.6m. Non-residential work commenced fell 14.8%, to $6,535.5m from the revised December quarter estimate.


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