The ABS published their Building Activity quarterly data today to June 2014. The trend estimate of the value of total building work done rose 1.8% in the June 2014 quarter. The seasonally adjusted estimate of the value of total building work done rose 0.4% to $22,054.3m in the June quarter, following a rise of 4.5% in the March 2014 quarter. New residential building was worth $11,609.1m, up 11.2% from a year ago.
VIC has the largest value of work done in the residential sector. By comparison, QLD has been significantly squeezed since 2011.
The ABS also showed that the trend estimate for the total number of dwelling units commenced rose 2.0% in the June 2014 quarter following a rise of 3.6% in the March quarter. The seasonally adjusted estimate for the total number of dwelling units commenced fell 6.9% to 45,527 dwellings in the June quarter following a rise of 8.9% in the March quarter.
The trend estimate for new private sector house commencements rose 4.4% in the June quarter following a rise of 4.8% in the March quarter. The seasonally adjusted estimate for new private sector house commencements fell 1.5% to 27,015 dwellings in the June quarter following a rise of 13.9% in the March quarter.
The trend estimate for new private sector other residential building commencements fell 1.3% in the June quarter following a rise of 2.2% in the March quarter. The seasonally adjusted estimate for new private sector other residential building fell 15.1% to 17,241 dwellings in the June quarter following a rise of 3.3% in the March quarter.
