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Apartments Boost Dwelling Numbers

Building Consents Issued: February 2006

Apartments Boost Dwelling Numbers

Consents for 2,237 new dwelling units were issued for February 2006, Statistics New Zealand said today. This figure was boosted by 523 consents for apartment units. Over the last three months apartment unit consents have averaged 22 percent of new dwelling unit consents issued, compared with a monthly average of 15 percent for the year ended February 2006.

The trend for the number of new dwelling units, excluding apartment units, has been relatively flat in recent months, following a decline from the high levels of 2003 and 2004. Consents for 1,714 new dwelling units, excluding apartment units, were issued in February 2006, 104 less than in February 2005.

For residential buildings, the value of consents issued in February 2006 was $561 million, $15 million (2.7 percent) higher than in February 2005.

The value of non-residential building consents issued during February 2006 was $290 million, down $26 million from February 2005. The largest contributor to the February 2006 value was offices and administration buildings, at $62 million.

Brian Pink
Government Statistician

ENDS

There is a companion Hot Off The Press information release published – Building Consents Issued: February 2006.

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