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New Zealand's Total Building Volume Falls in March Quarter

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New Zealand's seasonally adjusted total building volume fell 3.5% in the March quarter compared with the December 2025 quarter, Thursday's data from Stats NZ showed.

Residential building volume fell 2.2%, while non-residential volume declined 4%.

Meanwhile, excluding cost changes or seasonal effects, the actual value of building work fell 5.9% year-on-year to NZ$7.2 billion in the March quarter.

Residential building work declined 2.5% to NZ$4.6 billion, while non-residential work fell 11% to NZ$2.6 billion. The actual value of total building work declined across most regions, led by a 5.2% drop in Auckland to NZ$2.8 billion.

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