Published 11 September 2005
Residential building work put in place for the quarter fell in June compared to the June 2004 quarter â€“ the first fall since September 2001.
Non-residential construction continued to take up the slack, contributing 41% of all completion value for the quarter. Non-residential construction consents got down to 31% of the total in the June 2004 year before climbing back up to 37.5% in the year to June 2005.
Non-residential completions were worth $1.315 billion in the June 2005 quarter out of a total $3.2 billion of completions.
Residential completions were worth $1.89 billion, down 1.1% or $20 million on the June 2004 quarter but still double the value of residential construction in 2001. After a 12.4% fall in construction value in the September 2001 quarter, residential completion gains were in double figures for the 12 quarters, peaking with a 41.6% increase in the September 2002 quarter.
New dwelling completions were lower, with a 9.6% increase in the December quarter followed by a 9% gain in the March quarter, but in June the value fell 0.1%. The value of additions, alterations & outbuildings was high in keeping with new-home construction in most quarters until September 2004, but rose by only 2.6% in that quarter, fell 6.1% in the December quarter, rebounded with a 4.2% gain then fell again in the June quarter, by 6.7%.
In the non-residential sector, hotel & boardinghouse completions rose 114% to $114.1 million, commercial buildings rose 40.7% to $373 million and miscellaneous buildings were worth 26.7% more at $336 million.