Building Activity Down 4.4 Percent In December 2024 Quarter

The seasonally adjusted volume of building work in New Zealand was $7.4 billion in the December 2024 quarter, down 4.4 percent compared with the September 2024 quarter, according to figures released by Stats NZ today.

“There has been a downward trend in building activity volume since the most recent peak in the September 2022 quarter,” economic indicators spokesperson Michael Heslop said.

Residential building work fell 4.9 percent to $4.5 billion and non-residential building work fell 3.1 percent to $2.8 billion (seasonally adjusted) in the final quarter of 2024.

“Residential building activity volume reached its lowest level in over four years, in seasonally adjusted terms,” Heslop said.

Visit our website to read this news story and information release and to download CSV files:

• Building activity down 4.4 percent in December 2024 quarter : https://www.stats.govt.nz/news/building-activity-down-4-4-percent-in-december-2024-quarter/
• Value of building work put in place: December 2024 quarter : https://www.stats.govt.nz/information-releases/value-of-building-work-put-in-place-december-2024-quarter/
• CSV files for download: https://www.stats.govt.nz/large-datasets/csv-files-for-download/

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