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

 

Rising Trend in New Housing Consents Continues

Embargoed until 10:45am – 29 November 2006

Rising Trend in New Housing Consents Continues

There has been a steady increase in the trend for the number of new housing units since May 2006, Statistics New Zealand said today. In October 2006 building consents were issued for 2,377 new housing units, 476 more than during the previous October.

There were 373 apartment units authorised in October 2006 (with 317 in the Auckland region), compared with 493 in September and 266 in August. Apartment units accounted for 16 percent of all new housing units authorised in October, compared with a monthly average of 14 percent for the year prior to October 2006.

Thirteen of 16 regions authorised more new housing units in October 2006 than in October 2005. Auckland recorded the largest increase, while the Bay of Plenty recorded the largest decrease. There were increases in both the North and South Islands.

The value of consents issued for residential buildings in October 2006 was $669 million, 20 percent higher than in the previous October. The trend for the value of residential buildings has been increasing since March 2006.

For non-residential buildings, the value of consents issued in October 2006 was $330 million, 7 percent higher than in October 2005. Social, cultural and religious buildings showed the largest increase, while hospitals and nursing homes showed the largest decrease.

Brian Pink
Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Gita Hits NZ: 'It Was Literally Like A Wall Of Water'

"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>

ALSO:

America's Cup: Another Day, Another Cup Village Plan

A fourth option modelling what an America's Cup Village in Auckland might look like has arrived today as a planning deadline nears with no agreement in sight.More>>

Closing Or Selling Regionals: Fairfax Starts NZ Endgame

Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More>>

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>

ALSO:

WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>

ALSO:

Stink one!: Stink Bug Invasion Could Cost NZ Billions

An invasion of the brown marmorated stink bug - the pest discovered recently in three Japanese car shipments - would devastate New Zealand's fruit, vegetable and wine industries, destroying more than $4 billion of export value and costing thousands ... More>>