VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
| Mar qtr 10 | Dec qtr 09 to Mar qtr 10 | Mar qtr 09 to Mar qtr 10 |
| $m | % change | % change |
Trend(a) |
|
Value of work commenced | 21 897.8 | 5.0 | 42.3 |
New residential building | 9 873.8 | 8.7 | 31.3 |
Alterations and additions to residential building | 1 642.5 | 2.6 | 12.7 |
Non-residential building | 10 227.8 | 0.5 | 59.6 |
Seasonally Adjusted(a) |
|
Value of work commenced | 19 749.9 | -14.5 | 25.9 |
New residential building | 9 652.0 | 1.0 | 26.6 |
Alterations and additions to residential building | 1 568.3 | -9.2 | 4.4 |
Non-residential building | 8 529.5 | -27.8 | 30.1 |
|
(a) Chain volume measures, reference year 2007-08. |
TREND
- The trend estimates of the total and non-residential value of building commenced have not been adjusted for BER and should be used with caution.
- The trend estimate of the total value of building work commenced rose 5.0% in the March quarter 2010 and is 42.3% higher than March 2009.
- The value of new residential building commenced rose 8.7%. The value of new house commencements rose 6.3% and new other residential commencements rose 13.0%. The value of commencements for alterations and additions to residential buildings rose 2.6%. The value of non-residential building commenced rose by 0.5%.
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 14.5% following a rise of 19.8% in December 2009.
- Commencements of new residential buildings rose 1.0% to $9,652.0m. New house commencements fell 2.0%, to $6,804.3m, and new other residential building rose 8.9% to $2,847.7m. Alterations and additions fell 9.2% to $1,568.3m. Non-residential work commenced fell 27.8%, to $8,529.5m.