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

 

Thirty-Year High in New Dwellings for February


Thirty-Year High in New Dwellings for February Month

Consents were issued for 2,529 new dwelling units in February 2004, according to Statistics New Zealand. This is the highest total for a February month since 1974. The trend series for the number of new dwelling units has been rising since April 2003.

Consents for 30,923 new dwelling units were issued in the year ended February 2004, the highest total for a February year since 1976.

In February 2004, consents for 559 new apartment units were issued, compared with 471 in January 2004 and 382 in December 2003.

Eleven out of 16 regions recorded more new dwelling units in February 2004 compared with February 2003. Auckland (up 456 units) recorded the largest increase in new dwelling units when comparing the two February months, followed by Waikato (up 116 units) and Canterbury (up 76 units). The Auckland region contributed 1,076 units (43 percent) to the total number of new dwelling units in February 2004.

The total value of non-residential building consents issued in February 2004 was $213 million.

This follows totals of $217 million in January 2004 and $262 million in December 2003. Consents issued for education buildings were worth $45 million (21 percent) of the total non-residential buildings value in February 2004. This was followed by factories and industrial buildings with $41 million (19 percent), shops, restaurants and taverns with $29 million (14 percent), and offices and administration buildings with $27 million (13 percent).

The total value of consents issued for all buildings in February 2004 was $773 million. For the year ended February 2004, the total value of consents for all buildings was $9,414 million, up $1,511 million (19 percent) when compared with the year ended February 2003.

Brian Pink

Government Statistician

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>