8752.0 - Building Activity, Australia, Mar 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/07/2012   
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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

Mar qtr 12
Dec qtr 11 to Mar qtr 12
Mar qtr 11 to Mar qtr 12
$m
% change
% change

Trend(a)

Value of work commenced
16 896.7
-5.7
-10.4
New residential building
8 260.8
-7.7
-17.2
Alterations and additions to residential building
1 659.7
-2.9
-7.0
Non-residential building
6 979.3
-4.0
-1.5

Seasonally Adjusted(a)

Value of work commenced
16 374.5
-9.3
-14.1
New residential building
7 745.6
-17.8
-25.7
Alterations and additions to residential building
1 657.3
-1.1
-5.4
Non-residential building
6 971.6
0.2
1.2

(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 5.7% in the March quarter 2012, and is now showing falls for three quarters.
  • The value of new residential building commenced fell 7.7% and has fallen for seven quarters. The value of new house commencements fell 4.5% and new other residential commencements fell 12.5%. The value of commencements for alterations and additions to residential buildings fell 2.9%.
  • The value of non-residential building commenced fell 4.0%.
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 March quarter fell 9.3% to $16,374.5m following a fall of 5.8% in December 2011.
  • Commencements of new residential buildings fell 17.8% to $7,745.6m. New house commencements fell 10.0%, to $5,504.1m, and new other residential building fell 32.3% to $2,241.5m. Alterations and additions fell 1.1% to $1,657.3m. Non-residential work commenced fell 0.2%, to $6,971.6m.