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Non-residential Buildings Growth Slows

Building Consents Issued: March 2001

Non-residential Buildings Growth Slows

The value of non-residential building consents issued for March 2001 was $226.5 million. This follows consents values of $172.0 million in February 2001 and $191.0 million in January 2001. The trend for the value of non-residential buildings consents has been increasing since March 1999, but in recent months growth has slowed.

There were 1,762 new dwelling units authorised in March 2001. This follows 1,397 new dwelling units authorised in February 2001 and 1,335 new dwelling units authorised in January 2001. However, the trend in the number of dwellings authorised has been flat for the last few months after falling sharply between August 1999 and November 2000.

ENDS



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