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8752.0 - Building Activity, Australia, Mar 2009 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/07/2009   
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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

Mar qtr 09
Dec qtr 08 to Mar qtr 09
Mar qtr 08 to Mar qtr 09
$m
% change
% change

Trend(a)

Value of work commenced
14 382.4
-11.6
-27.9
New residential building
7 049.0
-10.3
-27.5
Alterations and additions to residential building
1 384.0
-3.3
-14.8
Non-residential building
6 108.9
-12.4
-28.9

Seasonally Adjusted(a)

Value of work commenced
13 920.9
-14.7
-30.4
New residential building
7 137.1
-6.3
-27.2
Alterations and additions to residential building
1 376.8
-2.9
-14.6
Non-residential building
5 407.0
-25.9
-37.0

(a) Chain volume measures, reference year 2006-07.



TREND
  • The trend estimate of the total value of building work commenced fell 11.6% in the March quarter 2009.
  • The value of new residential building commenced fell 10.3%. New house commencements fell 7.3% and new other residential commencements fell 14.6%. The value of commencements for alterations and additions to residential buildings fell 3.3%. The value of non-residential building fell by 12.4%.
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 14.7% following a fall of 10.8% in December.
  • Commencements of new residential buildings fell 6.3% to $7,137.1m. New house commencements fell 5.1%, to $5,104.8m, while new other residential building fell 9.1% to $2,032.3m. Alterations and additions fell 2.9% to $1,376.8m. Non-residential work commenced fell 25.9% to $5,407.0m.


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