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8752.0 - Building Activity, Australia, Sep 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 21/01/2009   
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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

Sep qtr 08
Jun qtr 08 to Sep qtr 08
Sep qtr 07 to Sep qtr 08
$m
% change
% change

Trend(a)

Value of work commenced
18 036.2
-5.1
-1.4
New residential building
8 781.0
-5.1
-3.1
Alterations and additions to residential building
1 505.8
-3.1
-6.6
Non-residential building
7 792.9
-5.0
2.2

Seasonally Adjusted(a)

Value of work commenced
17 004.8
-14.2
-7.2
New residential building
8 340.3
-13.0
-9.0
Alterations and additions to residential building
1 525.7
-0.3
-3.1
Non-residential building
7 138.9
-18.1
-5.9

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



TREND
  • The trend estimate of the total value of building work commenced fell 5.1% in the September quarter 2008.
  • The value of new residential building commenced fell 5.1%. New house commencements fell 5.3% and new other residential commencements fell 4.3%. The value of commencements for alterations and additions to residential buildings fell 3.1%. The value of non-residential building fell by 5.0%.
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 September quarter fell 14.2% following a rise of 1.2% in June.
  • Commencements of new residential buildings fell 13.0%, to $8,340.3m. New house commencements fell 11.6%, to $5,706.2m, while new other residential building fell 15.8%, to $2,634.1m. Alterations and additions fell 0.3%, to $1,525.7m. Non-residential work commenced fell 18.1%, to $7,138.9m.


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