21/09/2007 Note: The publication has been reissued as the commentary pages were not previously included. No other changes have been made.
MARCH KEY FIGURES
 | Mar qtr 07 | Dec qtr 06
to Mar qtr 07 | Mar qtr 06
to Mar qtr 07 | |
| $m | % change | % change | |
TREND ESTIMATES(a) | |
| |
| Value of Work Done | 15 601.9 | 0.9 | 6.7 | |
| New residential building | 7 918.0 | 0.8 | 3.3 | |
| Alterations and additions to residential building | 1 509.4 | 0.4 | 7.3 | |
| Non-residential building | 6 166.4 | 1.2 | 11.1 | |
SEASONALLY ADJUSTED ESTIMATES(a) | |
| |
| Value of Work Done | 15 535.7 | -0.2 | 7.5 | |
| New residential building | 7 950.8 | 1.4 | 5.1 | |
| Alterations and additions to residential building | 1 487.3 | -2.6 | 9.4 | |
| Non-residential building | 6 097.6 | -1.5 | 10.5 | |
| |
| (a) Chain volume measures, reference year 2004-05. |
Value of work done, Volume terms
| Value of work done, Volume terms - Trend estimates
|
MARCH KEY POINTS
VALUE OF WORK DONE, VOLUME TERMS
TREND ESTIMATES
- The trend estimate of the value of total building work done for the March quarter rose 0.9% on the revised December quarter estimate.
- The value of new residential building work done rose 0.8% in the latest quarter. New houses rose 2.5%, while new other residential buildings fell 3.2%. Alterations and additions rose 0.4% and non-residential work done in the quarter rose 1.2%.
SEASONALLY ADJUSTED ESTIMATES
- The seasonally adjusted March quarter estimate of the value of total building work done fell 0.2%, to $15,535.7m, on the revised December quarter estimate.
- New residential work rose 1.4%, to $7,950.8m. Work on new houses rose 4.2%, to $5,632.7m, while new other residential building work fell 4.9%, to $2,318.1m. Alterations and additions fell 2.6%, to $1,487.3m. Non-residential work done in the quarter fell 1.5%, to $6,097.6m, on the revised December quarter estimate.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| June 2007 | 12 October 2007 |
| September 2007 | 21 January 2008 |
ABOUT THIS ISSUE
This publication updates the preliminary estimates released in
Construction Work Done, Australia (cat. no. 8755.0) on 30 May 2007. The data in this publication are based on a response rate of approximately 96% of the value of building work done during the quarter. The data are subject to revision when returns from the following quarter are processed. Final data for the March quarter 2007 will be released in
Building Activity, Australia (cat. no. 8752.0) on 12 October 2007.
CHANGES IN THIS ISSUE
A new chain volume reference year is updated annually. From 2007 onwards the updating of the reference year will be completed in the September quarter each year. In September 2007 the new reference year will be 2005-06 for chain volume estimates. This will result in revisions to growth rates in quarters following 2005-06 but will preserve additivity in those quarters. For earlier periods re-referencing affects the levels of, but not the movements in, chain volume estimates.
SIGNIFICANT REVISIONS THIS ISSUE
As a survey of approved building jobs, outcomes from the Building Activity Survey are subject to the accuracy of Building Approvals information used in preparing the collection. Some errors have been identified in Building Approvals information for a number of regions in Australia over recent years. Adjustments were made to the affected Building Approvals series and revisions were incorporated into the March 2007 issue of Building Approvals, Australia (cat. no. 8731.0), released on 8 May 2007.
As a result of the changes in the Building Approvals series there will be corresponding revisions to other building series. These changes have been incorporated into this issue going back to the December Quarter 2000. The revisions are more significant for some states.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or James Inglis on Adelaide (08) 8237 7645.
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