Source: Statistics New Zealand
Building activity down 4.4 percent in December 2024 quarter – 6 March 2025 – The seasonally adjusted volume of building work in New Zealand was $7.4 billion in the December 2024 quarter, down 4.4 percent compared with the September 2024 quarter, according to figures released by Stats NZ today.
“There has been a downward trend in building activity volume since the most recent peak in the September 2022 quarter,” economic indicators spokesperson Michael Heslop said.
Residential building work fell 4.9 percent to $4.5 billion and non-residential building work fell 3.1 percent to $2.8 billion (seasonally adjusted) in the final quarter of 2024.
“Residential building activity volume reached its lowest level in over four years, in seasonally adjusted terms,” Heslop said.
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