VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
 | Mar qtr 08 | Dec qtr 07 to Mar qtr 08 | Mar qtr 07 to Mar qtr 08 | |
| $m | % change | % change | |
Trend(a) | |
| |
| Value of work commenced | 17 572.7 | - | 5.3 | |
| New residential building | 8 935.3 | 1.1 | 5.9 | |
| Alterations and additions to residential building | 1 621.5 | 0.6 | 8.9 | |
| Non-residential building | 7 021.4 | -1.5 | 3.9 | |
Seasonally Adjusted(a) | |
| |
| Value of work commenced | 16 925.5 | -7.7 | 0.8 | |
| New residential building | 8 823.4 | -1.6 | 5.8 | |
| Alterations and additions to residential building | 1 566.6 | -7.2 | 8.6 | |
| Non-residential building | 6 535.5 | -14.8 | -6.7 | |
| |
| - nil or rounded to zero (including null cells) |
| (a) Chain volume measures, reference year 2005-06. |
TREND
- The trend estimate of the total value of building work commenced was flat in the March quarter 2008.
- The value of new residential building commenced rose 1.1%. New house commencements rose 0.5% and new other residential commencements rose 2.1%. The value of commencements for alterations and additions to residential buildings rose 0.6%. The value of non-residential building fell by 1.5%.
Value of Work Commenced in Volume Terms, Trend
SEASONALLY ADJUSTED
- In seasonally adjusted terms, the estimate of the total value of building work commenced in the March quarter fell 7.7% from the revised December 2007 quarter estimate.
- Commencements of new residential buildings rose 1.6%, to $8,823.4m. New house commencements fell 4.6%, to $6,037.5m, while new other residential building rose 5.6%, to $2,785.9m. Alterations and additions fell 7.2%, to $1,566.6m. Non-residential work commenced fell 14.8%, to $6,535.5m from the revised December quarter estimate.
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