VALUE OF WORK COMMENCED VOLUME TERMS
TREND AND SEASONALLY ADJUSTED ESTIMATES
 | Mar qtr 11 | Dec qtr 10 to Mar qtr 11 | Mar qtr 10 to Mar qtr 11 |
| $m | % change | % change |
Trend(a) |
|
| Value of work commenced | 17 750.1 | -6.0 | -21.8 |
| New residential building | 9 712.7 | -3.9 | -9.2 |
| Alterations and additions to residential building | 1 666.8 | -1.7 | -3.6 |
| Non-residential building | 6 453.6 | -8.8 | -37.1 |
Seasonally Adjusted(a) |
|
| Value of work commenced | 17 807.4 | -4.8 | -17.2 |
| New residential building | 9 918.8 | -0.8 | -5.8 |
| Alterations and additions to residential building | 1 629.5 | -6.6 | -4.2 |
| Non-residential building | 6 259.1 | -10.2 | -32.5 |
|
| (a) Reference year for chain volume measures is 2008-09. Refer to paragraphs 31-35 of the Explanatory Notes. |
TREND
- The trend estimate of the total value of building work commenced fell 6.0% in the March quarter 2011 following a fall of 5.8% in the December quarter.
- The value of new residential building commenced fell 3.9% following falls in the last two quarters. The value of new house commencements fell 3.8% and new other residential commencements fell 3.6%. The value of commencements for alterations and additions to residential buildings fell 1.7%.
- The value of non-residential building commenced fell 8.8%. See data notes on page 2 of this publication.
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 4.8% to $17,807.4m following a fall of 6.2% in December 2010.
- Commencements of new residential buildings fell 0.8% to $9,918.8m. New house commencements fell 1.4%, to $6,207.3m, and new other residential building rose 0.1% to $3,711.5m. Alterations and additions fell 6.6% to $1,629.5m. Non-residential work commenced fell 10.2%, to $6,259.1m.
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