New Dwellings Trend Declining Despite 30-Year High

New Dwellings Trend Declining Despite 30-Year High Number

Consents were issued for 3,447 new dwelling units in June 2004, according to Statistics New Zealand. This is the highest total for any month since May 1974. However, the trend series for the number of new dwelling units has been declining since January 2004, following a period of steady increases which began in April 2003.

Consents for 2,470 new dwelling units, excluding apartments, were issued in June 2004.

The trend series for the number of new dwelling units, excluding apartments, has been declining since October 2003. In June 2004, consents for 977 new apartment units were issued, compared with 271 in June 2003 and 183 in June 2002.

Consents for 32,851 new dwelling units were issued in the year ended June 2004, up 3,777 (13 percent) from the year ended June 2003. The total number of new dwelling units for the year ended June 2004 is the largest total recorded for a June year since 1974.

Thirteen out of 16 regions recorded more new dwelling units in June 2004 than in June 2003. Auckland (up 478 units) recorded the largest increase when comparing the two June months, followed by Bay of Plenty (up 281 units) and Wellington (up 159 units). The Auckland region contributed 1,336 units (39 percent) to the total number of new dwelling units in June 2004.

The total value of consents issued for non-residential buildings was $335 million in June 2004. Consents issued for offices and administration buildings were worth $79 million (24 percent of the total) in June 2004. This was followed by consents issued for storage buildings worth $49 million (15 percent), factories and industrial buildings worth $39 million (12 percent), and hotels and motels worth $35 million (10 percent).

The total value of consents issued for all buildings was $1,008 million in June 2004, compared with $739 million in June 2003 and $591 million in June 2002. For the year ended June 2004, the total value of consents issued for all buildings was $10,123 million, up $1,820 million (22 percent) from the year ended June 2003.

Brian Pink Government Statistician END

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