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Trend in New Housing Units Increasing

30 October 2006

Trend in New Housing Units Increasing

Building consents issued in September 2006 confirmed an upward trend in the number of new housing units, Statistics New Zealand said today. Consents for 2,545 new housing units were issued in September 2006, 262 more than in September 2005. This is the highest recorded number of new housing units since March 2005, just prior to when the Building Act 2004 was introduced.

Consents for 2,052 new housing units, excluding apartment units, were issued in September 2006, 42 more than in the previous September. The trend for the number of new housing units, excluding apartments, has been increasing since April 2006.

There were 493 apartment units authorised in September 2006, compared with 266 in August and 257 in July. Apartment units accounted for 19 percent of all new housing units authorised in September 2006, compared with a monthly average of 13 percent for the year prior to September 2006. Apartment consents are volatile and can vary considerably from month to month.

Ten of 16 regions authorised more new housing units in September 2006 than in September 2005. Auckland recorded the largest increase, followed by Canterbury. The South Island recorded its highest number of new housing units since March 2005.

The value of consents issued for non-residential buildings in September 2006 was $343 million, 15 percent lower than for the same month last year. Social, cultural and religious buildings showed the largest decrease, while offices and administration buildings showed the largest increase.

Brian Pink

Government Statistician

ENDS

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