Page 15 - HW October 2019

stats watch
Statswatch Jun-Aug 2019
BUILDING-RELATED DATA covering June to August show no real changes to recent patterns.
• August debt “typical” for a winter month.
• SolidgainsinJunequarter’svalueofbuildingworkputin
place.
• Julyconsentsmakeforrecordvolume.
DEBT,DSO“STEADYASSHEGOES”
Data for August 2019 from CreditWorks Data Solutions (www. creditworks.co.nz) reflects a "steady as she goes" month as
far as debt aging is concerned, a typical winter month in fact withtradesalesactivitylevellingout,andshorter,wetterdays impactingonworkloads.
“Havingsaidthat,”addsAlanJohnston:“Assumingwehave left the cold and wet behind us, it was a very short-lived winter in many respects. With daylight savings on the horizon, expect to see continued growth in the building sector and a further increase in debt levels as a result, although DSO/debt aging will remain steady.”
Bearing in mind further recent demises of major construction and associated companies, even though there is still “plenty of activity and potential out there”, Alan says: “It is now accepted by the market that no-one is infallible and we are getting a lot
of enquiry from Government Departments, Master Builders, CertifiedBuilders,andevenHOBANZ,seekingclarificationon waystoinformandprotectthemselvesgoingforward.”
CreditWorksalsoreportsgreatlyincreasedinterestinthe use of the Personal Properties Security Register, particularly following the well-documented case of a plumber being refused access to their hot water cylinders on-site.
APPSregistrationiscriticalinthesesituations.
Anyoneseekingfurtherinformationintheseareasiswelcome tocontactCreditWorksdirect.
VALUE OF BUILDING WORK STAYS SOLID
Numbers on the value of building work put in place for the June 2019 quarter from Stats NZ (www.stats.govt.nz) show marginalincreasesontheprevious(March2019)quarterbut decent gains on 2018:
• Residential:$3.9billion(+10.2%ontheJune2018quarter). • Non-residential:$2.3billion(+14.8%).
• Totalbuilding:$6.2billion(+11.8%).
Growth in the actual value of total building work in the June 2019 quarter was again led by Auckland and the Waikato, even if both regions were down on March 2019:
• Auckland:$2.7billion(+20%ontheJune2018quarter).
• Waikato:$559million(+12%).
• Wellington:$521million(+8.3%).
“With daylight savings on the horizon, expect to see continued growth in the building sector and a further increase in debt levels as a result, although DSO/debt aging will remain steady”
• RestofNorthIsland:$956million(+4.5%). • Canterbury:$891million(+2.7%).
• RestofSouthIsland:$608million(+6.9%).
Driven largely by a $1.7 billion increase in Auckland, the value of building work put in place for the year ended June 2019 was as follows:
• Residential:$15.6billion(+8.6%onYTDJune2018).
• Non-residential:$8.7billion(+14%). • Totalbuilding:$24.3billion(+10%).
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