Residential building work surges in second quarter, beating estimates

Fri, 02 Sep 2016

By Sophie Boot Sept. 2 (BusinessDesk) - The value of residential building work put in place rose in the second quarter of 2016, led by Auckland, while total building activity increased to its highest level since records began 26 years ago. The seasonally adjusted value of residential building work rose 7.3 percent to $3.1 billion in the June quarter from three months earlier, Statistics New Zealand said. Building work volumes grew a seasonally adjusted 5.5 percent in the quarter, with the trend reaching its highest level since the series...

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