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Falling Trend in Dwelling Permits Continues

Falling Trend in Dwelling Permits Continues

Estimate of New Dwelling Units: March 2000

Falling Trend in Dwelling Permits Continues

The downward trend in the number of consents issued for new dwellings continued in March 2000, reflecting the pattern of falling monthly totals evident since August 1999. Two thousand and ninety seven permits for new dwelling were issued in March, the highest monthly total since November 1999, but below the 2,400 permits issued in the previous March. When seasonal factors are taken into account the March 2000 figure was above the February total. This higher level of activity will need to be sustained over subsequent months to check the current declining trend in the series.

In March there were 282 consents issued for new dwellings in Auckland City. This is almost twice as many as were issued in February 2000 and similar to the monthly totals recorded in later months of 1999. Christchurch City, on the other hand, continues to record low monthly totals with only 118 new dwellings authorised in March 2000. In the first three months of 2000 there have been 285 consents issued for Christchurch. This is the lowest three monthly total for Christchurch since the territorial boundaries were reorganised in 1990.



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