Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Increase in Building Consents

Building Consents Issued - May 2000

There were 2,103 new dwellings authorised in May 2000 valued at $295.6 million, acccording to latest figures from Statistics New Zealand. This is the highest monthly total since November 1999 and follows last month's total which was the lowest since January 1994 at 1,405.

The underlying trend for the number of new dwellings has been declining for 10 months, however, the rate of decline appears to have tapered off a little in the last few months. Of the new dwellings authorised in May a large number were apartment units: 433 units valued at $41.9 million. Apart from 56 units in Christchurch all of the apartment units authorised were in the North Island.

The total value of non-residential building project consents was $217.7 million. This is also the highest this year and follows the record low recorded last month. Shops, restaurants and taverns contributed the greatest amount to the total for non-residential buildings with consents worth $36.5 million, while both hospitals and nursing homes, and education buildings recorded monthly totals of over $32 million.

There were no particularly large individual projects driving the non-residential buildings result, since all individual consents issued were valued at under $10 million. The underlying trend for the value of non-residential building projects has been declining since October, however, the rate of decline has increased over the last few months.

The total value of all building consents issued was $580.9 million, the highest total since November 1999.

Dianne Macaskill
Acting Government Statistician
END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news