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

 

Trend In Number of New Dwelling Units Declines


Trend In Number of New Dwelling Units Declines

Building consents issued in May 2004 confirmed a downward trend in the number of new dwelling units since January 2004, according to Statistics New Zealand. This follows a period of steady increases to the trend series which began in May 2003. Consents were issued for 2,544 new dwelling units in the month of May 2004.

The trend series for the number of new dwelling units, excluding apartment units, has been declining since November 2003. Consents were issued for 2,238 new dwelling units, excluding apartment units, in May 2004. Consents for 31,793 new dwelling units were issued in the year ended May 2004, which was 11 percent higher than in the year ended May 2003. The total number of new dwelling units for the year ended May 2004 is the largest total recorded for a May year since 1975.

Nine out of 16 regions recorded more new dwelling units in May 2004 than in May 2003. Waikato (up 33 units) recorded the largest increase when comparing the two May months, followed by Northland (up 20 units) and Taranaki (up 19 units). The Auckland region contributed 835 units (33 percent) to the total number of new dwelling units in May 2004.

The total value of consents issued for non-residential buildings in May 2004 was $243 million. Consents issued for factories and industrial buildings were worth $44 million (18 percent of the total) in May 2004. This was followed by consents issued for shops, restaurants and taverns worth $38 million (16 percent), office and administration buildings worth $37 million (15 percent), and education buildings worth $34 million (14 percent).

The total value of consents issued for all buildings in May 2004 was $830 million, following totals of $774 million in April 2004 and $996 million in March 2004. For the year ended May 2004, the total value of consents for all buildings was $9,854 million, which was an increase of $1,699 million (21 percent) compared with the year ended May 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>>