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Building Consents Issued: November 2004

Building Consents Issued: November 2004

13 January 2005

Trend Value for Non-residential Consents Up The trend for the value of non-residential buildings increased 43 percent over the 11 months to November 2004, according to Statistics New Zealand. This follows a period of relative flatness between January 1995 and December 2003.

In November 2004, the total value of consents issued for non-residential buildings was $416 million. The largest contributor was offices and administration buildings, followed by shops, restaurants and taverns.

Consents for 637 new apartment units were issued in November 2004. This compares with 708 units in October 2004. Apartment units accounted for 24 percent of all new dwelling units in November 2004, compared with 27 percent in October 2004.

Consents were issued for 2,675 new dwelling units in November 2004. Although the trend for the number of new dwelling units has been declining since December 2003, the number of consents for new dwelling units has been historically high since March 2003. Consents for 31,618 new dwelling units were issued in the year ended November 2004, up 6 percent from the November 2003 year. This is the largest total for a November year since 1974.

The total value of consents issued for all buildings in November 2004 was $1,005 million, up 17 percent compared with November 2003. In November 2004, residential buildings contributed 59 percent to the total value of all buildings, compared with 70 percent in November 2003.

Brian Pink

Government Statistician

ENDS

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