A State View Of Residential Construction

The ABS released their preliminary data on construction work done. It shows the seasonally adjusted estimate for total construction work done fell 4.9% to $46,147.8m in the September quarter.

abs-const-sep-16-allThe seasonally adjusted estimate of total building work done fell 5.7% to $25,886.6m in the September quarter.

The seasonally adjusted estimate for engineering work done fell 3.8% to $20,261.3m in the September quarter.

However, looking at the residential construction, we see the fall is not uniform across states. There were significant falls in VIC and WA, whilst in NSW and QLD residential construction activity continued to grow.

abs-const-sep-16-all-resiWithin this, houses played a major part…

abs-const-sep-16-houses… whilst other residential construction (apartments and units) fell.

abs-const-sep-16-otherNon residential construction also fell across the states.

abs-const-sep-16-non-resi

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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