Source: MIL-OSI Submissions
4 June 2021
The overall volume of building activity rose a seasonally adjusted 3.7 percent in the March 2021 quarter, compared with the December 2020 quarter, Stats NZ said today.
Volume estimates show real changes in building activity over time, by adjusting for typical seasonal patterns and construction costs changes. Volumes are calculated at September 1999 quarter prices.
The estimated volumes of both residential and non-residential buildings grew in the March 2021 quarter. Residential work rose 4.3 percent, following a 1.8 percent rise in the December 2020 quarter, and non-residential work rose 2.6 percent, following a 4.0 percent fall.
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