8752.0 - Building Activity, Australia, Mar 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/07/2007   
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VALUE OF WORK COMMENCED VOLUME TERMS


TREND AND SEASONALLY ADJUSTED ESTIMATES

Mar qtr 07
Dec qtr 06
to Mar qtr 07
Mar qtr 06
to Mar qtr 07
$m
% change
% change

Trend(a)

Value of work commenced
16 003.1
-0.1
9.2
New residential building
8 066.0
1.0
5.3
Alterations and additions to residential building
1 424.7
-3.9
-1.9
Non-residential building
6 519.5
-0.7
17.5

Seasonally Adjusted(a)

Value of work commenced
15 984.0
-0.4
13.2
New residential building
7 998.0
-1.5
0.1
Alterations and additions to residential building
1 367.8
-8.0
-7.0
Non-residential building
6 618.2
2.6
42.0

(a) Chain volume measures, reference year 2004-05.



TREND

  • The March quarter trend estimate of the total value of building work commenced fell 0.1% from the revised December quarter estimate.
  • The value of new residential building commenced rose 1.0%. New house commencements rose 1.0% and new other residential commencements rose 1.1%. The value of commencements for alterations and additions to residential buildings fell 3.9%. The value of non-residential building fell by 0.7%
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 0.4% from the revised December quarter estimate.
  • Commencements of new residential buildings fell 1.5%, to $7,998.0m. New house commencements rose 1.2%, to $5,692.4m, while new other residential building fell 7.6%, to $2,305.5m. Alterations and additions fell 8.0%, to $1,367.8m. Non-residential work commenced rose 2.6%, to $6,618.2m.