Trend for new houses flattening - Statistics New Zealand
Trend for new houses flattening – Media release
30 September 2013
The trend for consented new houses appears to be flattening after two years of growth, Statistics New Zealand said today.
The trend, which excludes apartments, is at its highest level since early 2008. While it is up 64 percent from the most recent low point in March 2011, it is still 30 percent below the peak in September 2003.
“Following a sustained rise from 2011 to 2013, the trend for new houses seems to have levelled off,” industry and labour statistics manager Tehseen Islam said.
“The number of new houses jumped 13 percent in April, but hasn’t changed much since then.”
In August, 1,633 new houses were consented, as well as 127 new apartments.
Together, Auckland and Canterbury consented 55 percent of the new houses and apartments.
The value of consents for all buildings, including both new work and alterations, was $1,016 million in August – $678 million of residential work and $338 million of non-residential work.
Earthquake-related building consents in Canterbury were valued at $59 million in August, and included 58 new houses. Since 4 September 2010, $1,216 million of building consents have been identified as earthquake-related. This includes consents for 1,059 new houses and apartments.
Data for building consents is obtained from all territorial authorities in New Zealand.