Building work decline in December 2008 quarter
The value and volume of all building work fell during the December 2008 quarter, and the trend continues downward, according to the latest Building and Housing Trends Report issued by the Department of Building and Housing.
Residential building work fell considerably in volume and value in the December quarter, the report shows. While the value of non-residential building work grew in the same period, the trend for that also is now declining.
The report covers sector activity from 1 October to 30 December 2008. It draws on information from government agencies, from the Department's own databases and analyses, as well as work commissioned on current trends and topics.
Other key findings include:
- there are now fewer people employed in the sector, and for fewer hours, than at the 2006 peak
- residential building costs are rising more slowly than before
- the housing market is continuing to slow, although not as quickly as before
- Government housing assistance rose with just over 18,000 more people receiving an accommodation supplement and 1300 more households on income-related rents.
The report, which also provides information on weathertightness and Building Act determinations is on the Department's wbesite.