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%.

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.