Turf QLD Industry Alert |ABS Building Activity, Australia, Jun 2015

ABS Building Activity, Australia, Jun 2015

JUNE KEY POINTS
VALUE OF WORK DONE, CHAIN VOLUME MEASURES

BUILDING WORK DONE

• The trend estimate of the value of total building work done rose 1.5% in the June 2015 quarter.
• The seasonally adjusted estimate of the value of total building work done fell 2.4% to $23,375.7m in the June quarter, following a rise of 5.2% in the March 2015 quarter.

NEW RESIDENTIAL BUILDING WORK DONE

• The trend estimate of the value of new residential building work done rose 2.5% in the June quarter. The value of work done on new houses rose 2.2% while new other residential building rose 3.0%.
• The seasonally adjusted estimate of the value of new residential building work done fell 3.4% to $12,789.0m. Work done on new houses fell 6.2% to $7,409.7m, while new other residential building rose 0.7% to $5,379.3m.

NON-RESIDENTIAL WORK DONE

• The trend estimate of the value of non-residential building work done fell 0.1% in the June quarter.
• The seasonally adjusted estimate of the value of non-residential building work done in the quarter fell 1.6%, following a rise of 1.7% in the March 2015 quarter.

JUNE KEY POINTS

TOTAL DWELLINGS

• The trend estimate for the total number of dwelling units commenced rose 0.6% in the June 2015 quarter following a rise of 1.9% in the March quarter.
• The seasonally adjusted estimate for the total number of dwelling units commenced fell 3.2% to 53,314 dwellings in the June quarter following a rise of 11.6% in the March quarter.

NEW PRIVATE SECTOR HOUSES

• The trend estimate for new private sector house commencements fell 0.8% in the June quarter following a fall of 0.2% in the March quarter.
• The seasonally adjusted estimate for new private sector house commencements fell 2.8% to 27,641 dwellings in the June quarter following a rise of 0.5% in the March quarter.

NEW PRIVATE SECTOR OTHER RESIDENTIAL BUILDING

• The trend estimate for new private sector other residential building commencements rose 0.6% in the June quarter following a rise of 3.0% in the March quarter.
• The seasonally adjusted estimate for new private sector other residential building fell 6.8% to 23,484 dwellings in the June quarter following a rise of 26.1% in the March quarter.