The volume of building activity recorded its biggest gain in 10 years in the third quarter, led by construction work in Canterbury and the upper North Island.
Activity rose 9.6% in the third quarter and was valued at $2.9 billion in unadjusted terms, Statistics New Zealand says. Residential building work made up 56% of the total.
"While the earthquake rebuild in Canterbury contributed to this, residential building work in the upper North Island also experienced growth," industry and labour statistics manager Blair Cardno says.
For residential building activity, Canterbury and the upper North Island, dominated by Auckland, were the main drivers of a 7.1% gain, following a 7.5% rise in the second quarter.
The unadjusted value of residential building work jumped 20.1% from a year earlier to $1.6 billion in the latest quarter.
Non-residential building activity rose 12.4% in the third quarter, following a 4.5% dip three months earlier.
The value of non-residential work rose 11% from a year earlier to $1.3 billion.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- Tim Hunter on why Veritas is doing it the hard way
- Matthew Hooton on whether Steven Joyce will be the next national leader
- Rodney Hide on why all city planners should be fired
- Nevil Gibson discusses his latest Editor's Insight on films
- The NBR crew throw around some of the week's top stories
- Rob Hosking breaks down the political and economic week that was
- "A tragedy" - David Farrar on his disappointment with Simon Bridges
- New F&P product pipeline exciting, says Macquarie senior investment adviser Brad Gordon
- Taupo Motorsport Park executive director Tony Walker on the park's rebranding
- NZIER senior economist Christina Leung on why she does not think the OCR will hit 2%
- NBR's Cameron Officer talks about the NBR Car of the Year 2015
- John Barnett on Brewer: ‘Boy, has he got a bit to learn’