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TRENDS IN CONSTRUCTION ACTIVITY
In the three broad areas of construction activity - residential building, non-residential building, and engineering construction - the pattern of construction activity by area of activity has changed substantially over time (graph 19.4). Before 1991-92 the value of non-residential building activity was greater than engineering construction activity. However, since 1991-92, engineering construction activity has consistently exceeded non-residential building activity.
Graph 19.4 also shows the acceleration in residential building activity to record levels prior to the introduction of The New Tax System in July 2000 followed by a substantial downturn in 2000-01. All three areas of construction industry activity surpassed 1999-2000 levels for the first time in 2002-03.
Table 19.5 shows in 2004-05 residential building construction work done (in chain volume terms) accounted for 43% of the value of total construction work done, engineering construction accounted for 36% and non-residential building accounted for 21%. Between 2003-04 and 2004-05 the value of total construction work done (in chain volume terms) increased by 4% to $84,548m. Engineering construction had the largest increase (12%), followed by non-residential construction (4%). Residential building decreased, by less than 1%.