Value of residential building work put in place in New Zealand
New and altered construction, 2013 Q4–2023 Q4, NZD millions
| Quarter | NZD thousands (current prices) |
|---|---|
| 2013 Q4 | 2,050,759 |
| 2014 Q1 | 2,223,614 |
| 2014 Q2 | 2,333,099 |
| 2014 Q3 | 2,454,147 |
| 2014 Q4 | 2,502,019 |
| 2015 Q1 | 2,446,601 |
| 2015 Q2 | 2,504,178 |
| 2015 Q3 | 2,634,701 |
| 2015 Q4 | 2,780,058 |
| 2016 Q1 | 2,848,856 |
| 2016 Q2 | 3,120,902 |
| 2016 Q3 | 3,286,124 |
| 2016 Q4 | 3,382,186 |
| 2017 Q1 | 3,253,534 |
| 2017 Q2 | 3,356,678 |
| 2017 Q3 | 3,606,208 |
| 2017 Q4 | 3,644,048 |
| 2018 Q1 | 3,487,565 |
| 2018 Q2 | 3,610,418 |
| 2018 Q3 | 3,789,200 |
| 2018 Q4 | 3,894,898 |
| 2019 Q1 | 3,914,752 |
| 2019 Q2 | 3,978,326 |
| 2019 Q3 | 4,092,222 |
| 2019 Q4 | 4,178,398 |
| 2020 Q1 | 3,774,625 |
| 2020 Q2 | 3,240,474 |
| 2020 Q3 | 4,471,829 |
| 2020 Q4 | 4,659,373 |
| 2021 Q1 | 4,590,736 |
| 2021 Q2 | 4,815,118 |
| 2021 Q3 | 4,763,649 |
| 2021 Q4 | 5,278,396 |
| 2022 Q1 | 5,226,052 |
| 2022 Q2 | 5,594,266 |
| 2022 Q3 | 6,288,407 |
| 2022 Q4 | 6,134,748 |
| 2023 Q1 | 5,611,180 |
| 2023 Q2 | 5,873,524 |
| 2023 Q3 | 6,205,175 |
| 2023 Q4 | 6,055,730 |
Definitions
Non-residential buildings: work on new buildings, plus alterations and additions to existing buildings. There are seven categories:
- hotels, motels, boarding houses, and prisons (accommodation buildings)
- hospitals, nursing homes, and other health buildings (health buildings)
- education buildings
- factories, industrial, and storage buildings
- commercial buildings (includes shops and offices)
- social, cultural, and religious buildings
- farm buildings.
Residential buildings: work on new dwellings, such as houses, flats, and apartments. The value of alterations and additions to residential buildings also includes domestic outbuildings, such as garages.
Value: value of building work in current prices.
Volume: values with price changes removed, expressed in September 1999 quarter prices. Also known as deflated values or constant price series.
For more information
Limitations of the data
Value of building work under a set threshold is estimated through a statistical model.
Exclusions
Non-building construction work, such as roads and bridges, is excluded.
Changes to data collection/processing
The value threshold used to determine which building projects are surveyed in the Quarterly Building Activity Survey, and which have activity modelled from consent data, was raised again in the December 2021 quarter.
For new residential building projects, the survey threshold increased to $1,400,000, reflecting recent increases in construction industry costs. The survey threshold for non-residential building projects is unchanged at $1,900,000.
From the March 2020 quarter onwards, Stats NZ have applied model adjustments to account for the impacts of COVID-19 on building activity (such as building activity delayed due to alert level 4 lockdowns or supply constraints). These adjustments are revised from time to time as improved data becomes available.
Data provided by
Dataset name
Value of Building Work Put In Place: December 2023
Webpage:
How to find the data
At URL provided, under Download data section, download 'Value of building work put in place: December 2023 quarter – CSV' zipped file.
Import & extraction details
File as imported: Value of Building Work Put In Place: December 2023
From the dataset Value of Building Work Put In Place: December 2023, this data was extracted:
- Rows: 10,945-23,954
- Column: 3
- Provided: 13,010 data points
This data forms the table Construction - Value and volume of building work put in place by region 1965 Q2–2023 Q4.
Dataset originally released on:
March 06, 2024
About this dataset
The Building Activity Survey releases provide estimates of the value and volume of work put in place on construction jobs in New Zealand. The value of building work includes residential building work and non-residential building work, which are summed to give all building work. Non-building construction work, such as roads and bridges, is excluded.
The value of building work put in place measures activity in the construction sector, and complements building consents issued information (which represents the intention to build).
Method of collection/Data provider
Up until December 2014, this dataset was based on a postal survey sent to contact details associated with each council's building consent.
From 2015, this dataset is based on modelled administrative data supplemented by a postal survey. A postal survey is sent for building work above a certain threshold, which is reviewed regularly.
There are no changes for non-residential buildings – the consent value cut-off remains $1,900,000 and the modelling parameters are unchanged.