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Dwelling Consents Continue to Decline

Building Consents Issued: August 2000

Dwelling Consents Continue to Decline

The underlying trend in the number of new dwelling consents issued has decreased by 1.0 per cent in August 2000. This continues the 12-month decline in the trend of the number of new dwelling consents, according to Statistics New Zealand. By contrast, the trend in the value of consents issued for new dwellings has been too volatile in recent months to produce reliable information about its direction.

There were 1,716 new dwelling units authorised in August 2000, valued at $256.5 million. The total value of residential buildings consents authorised is 14.5 per cent higher in August 2000 than in July 2000. However, August 2000 is 23.1 per cent lower than August 1999. Included in the total were 118 authorised apartment units valued at $11.0 million.

In August 2000 the value of consents issued for non-residential buildings was $273.2 million. Boosting this total were consents worth $108.0 million, recorded for office and administration buildings. The underlying trend for the value of non-residential buildings has been increasing since April 1999.

The total value of consents issued for all buildings in August 2000 was $592.0 million. This is 2.7 per cent lower that the value recorded in August 1999.

Ian Ewing Deputy Government Statistician END

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