Highest March Total New Dwelling Units in 26 Years
Highest March Total for New Dwelling Units in 26 Years
Consents were issued for 2,537 new dwelling units in March 2003, according to Statistics New Zealand. This is the highest March total for new dwelling units issued since March 1977. By comparison, consents were issued for 1,797 new dwelling units in February 2003, and 1,995 in January 2003.
Most regions issued consents for a higher number of new dwelling units in March 2003 than in March 2002. The number of new dwelling units issued for the Auckland region in March 2003 was 189 higher than in March 2002. Other regions showing significant increases were Canterbury (up 85 units), Bay of Plenty (up 84 units) and Waikato (up 69 units). In March 2003, the Auckland region continued to be the main contributor to the total number of new dwelling units issued with 1,088 units or 43 percent.
The total value of non-residential building consents issued in March 2003 was $211 million. This follows totals of $206 million in February 2003, and $176 million in January 2003. Consents issued for factories and industrial buildings were worth $34 million, 16 percent of the non-residential buildings total in March 2003. Consents for education buildings contributed $31 million or 15 percent, and hostels and boarding houses contributed $28 million or 13 percent.
The total value of consents issued for all buildings in March 2003 was $728 million. Residential buildings contributed 71 percent of the total value for all buildings in March 2003, compared with 69 percent in March 2002. For the year ended March 2003, the total value of consents for all buildings was $8,041 million, up $1,264 million or 19 percent when compared with the year ended March 2002.