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

 


Decline in Building Activity

The total value of building consents issued in June 2000 was $471.1 million according to Statistics New Zealand.

This brings the half yearly total up to $2,822.9 million, compared with $3,431.2 million in the second half of 1999 and $3,070.1 million in the first half of that year. A number of factors may be influencing recent building activity such as interest rate rises, a depressed real estate market and the end of work relating to the America's Cup regatta.

There were 1,598 new dwelling units authorised in June 2000 valued at $240.3 million. This follows the relatively high total recorded in May of 2,103 new dwellings. The underlying trend for the number of new dwellings has been declining for 11 months. Most territorial authorities recorded a drop in new dwellings for June, with Auckland City recording its lowest monthly total since October 1998. In the first six months of the year, the total number of dwellings authorised was 10,315. This compares with 13,929 in the preceding six months and 12,448 in the first six months of 1999.

The value of consents for new dwellings has fallen correspondingly.

There were 174 apartment units authorised in June valued at $20.9 million. All of these were in the North Island. Apartments in the first half of 2000 have also shown a decline, with 1,318 new units authorised, compared with 2,248 in the second half of 1999 and 1,750 in the first half of 1999. Consents issued for non-residential building projects were valued at $169.5 million. Although there were several consents for large projects, none of these were valued at over $10 million. Offices and administration buildings contributed the greatest proportion to the non-residential building total with $30.8 million. Hostels and boarding houses recorded the lowest monthly total for that building type since January 1997.

Consents for non-residential buildings in the first half of the year were valued at $977.2 million, compared with $1,179.3 million in the previous six months and $1,040.8 million in the same period last year. The underlying trend for the value of non-residential buildings has been declining for eight months.


Ian Ewing Deputy Government Statistician

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news