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

 

New housing units continue to decline

14 January 2008

New housing units continue to decline

The trend for the number of new housing units authorised is still declining, Statistics New Zealand said today. The latest five months all show a decrease.

In November 2007 there were 2,189 new housing units authorised, a decrease of 43 housing units compared with November 2006. Consents for 66 new apartment units were issued, 113 fewer than in November a year earlier.

There were 53 fewer housing units authorised in the North Island and 10 more authorised in the South Island, compared with November 2006. Half of the 16 regions authorised fewer units.

The largest decrease was 38 units, in Northland, and the largest increase was 32 units, in Auckland. The trend for the value of residential buildings is also declining. Despite this, residential building consents authorised in November 2007 were up 4.2 percent from November 2006, to $695 million.

Non-residential building consents totalled $401 million in November 2007, up 6.7 percent from November 2006. The largest increase was for hospitals and nursing homes.

Geoff Bascand

Government Statistician

14 January 2008

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: