Dwelling Units Reach Highest January for 29 years
Dwelling Units Reach Highest January Total for 29 Years
Consents were issued for 1,995 new dwelling units in January 2003 according to Statistics New Zealand. This is the highest January total for new dwelling units since 1974. By comparison, consents were issued for 1,486 new dwelling units in January 2002, and 1,335 new dwellings units in January 2001.
The trend series for the number of new dwellings has been increasing steadily since November 2000.
Most regions recorded a higher number of new dwelling units in January 2003 than in January 2002. The Auckland region continued to be the main contributor to the number of new dwelling units. Of the total number of new dwellings in January 2003, 819 or 41 percent were from the Auckland region. The number of new dwelling units in the Auckland region in January 2003 was 276 higher than in January 2002. When comparing the January months, Canterbury (up 88 units) and Wellington (up 44 units) also showed significant increases.
The total value of non-residential building consents issued in January 2003 was $176 million. This follows totals of $212 million in both December and November 2002. Consents issued for education buildings were worth $33 million, 19 percent of the non-residential buildings total in January 2003. Consents for social, cultural and religious buildings contributed $32 million or 18 percent, and offices and administration buildings contributed $27 million or 15 percent.
The total value of consents issued for all buildings in January 2003 was $578 million. Residential buildings contributed 70 percent of the total value for all buildings in January 2003, compared with 58 percent in January 2002. For the year ended January 2003, the total value of consents for all buildings was $7,816 million, up $1,167 million or 18 percent when compared with the year ended January 2002.