Value Of Building Work Put In Place: June 2024 Quarter

Value of building work statistics estimate the value and volume of work put in place on construction jobs in New Zealand.

Key facts

In the June 2024 quarter:

• the seasonally adjusted total building volume fell 0.2 percent compared with the March 2024 quarter – residential fell 0.7 percent, and non-residential fell 0.1 percent
• total building value was $8.8 billion, down 2.6 percent from the June 2023 quarter.

were updated to reflect improved survey information.

has more detail.

Statistics for the December 2023 quarter onwards will remain provisional and may be updated in a future release.

 has further detail.

Seasonally adjusted building activity volume

The seasonally adjusted building activity volume series removes the effects of typical seasonal patterns and changes to construction costs. Volumes are calculated at September 2022 quarter prices.

Residential construction prices rose 1.0 percent in the June 2024 quarter, while non-residential prices rose 0.6 percent (as measured by the capital goods price index).

The total seasonally adjusted building volume fell 0.2 percent compared with the March 2024 quarter. Residential building volume fell 0.7 percent, and non-residential fell 0.1 percent.

Regional actual value of building work

In value terms (not adjusted for cost changes or seasonal effects), the actual value of building work was $8.8 billion in the June 2024 quarter, down 2.6 percent from the June 2023 quarter.

Within this, residential building work was down 5.1 percent to $5.5 billion, and non-residential work was up 1.8 percent to $3.3 billion.

By region, the actual value of total building work in the June 2024 quarter compared with the June 2023 quarter, was:

• $3.6 billion in Auckland (down 2.3 percent)
• $751 million in Waikato (down 15 percent)
• $738 million in Wellington (down 7.3 percent)
• $1.4 billion in the rest of the North Island (up 0.6 percent)
• $1.4 billion in Canterbury (down 0.1 percent)
• $967 million in the rest of the South Island (up 3.3 percent).

Actual value of building work on non-residential buildings

The non-residential building types with the most work put in place (by value) in the year ended June 2024 were:

• offices, administration, and public transport buildings at $2.2 billion (up 11 percent compared with the year ended June 2023)
• education buildings at $2.0 billion (up 0.6 percent)
• hospitals, nursing homes, and health buildings at $1.8 billion (up 34 percent)
• storage buildings at $1.7 billion (down 9.6 percent).

Statistics for the September 2023 quarter onwards updated

Statistics for the September 2023 quarter onwards were updated to reflect improved survey information. Data updates reflect:

• improved information from respondents in the full-coverage survey of high-value projects
• improved model adjustments (based on the survey of lower-value projects).

has further detail.

More data

Use for time-series data about building work put in place:

Subject category: Industry sectors
Survey name: Building activity survey – BAS
Related survey: Building consents – BLD

Definitions and metadata

provides the general methodology used from the December 2014 quarter estimates of the value of building work put in place, and related metadata.

provides definitions of terms used from the December 2014 quarter.

Technical enquiries

Mark Darbyshire

ISSN 1178-0371

Next release

Value of building work put in place: September 2024 quarter will be released on 5 December 2024.