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


Housing consents decline continues

Embargoed until 10:45am – 30 April 2008

Housing consents decline continues

Building consents statistics for March 2008 show a continuing decline in the trend for the number of new housing units, Statistics New Zealand said today. The trend has been decreasing since June 2007.

There were 1,567 new housing units authorised in March 2008, 702 units fewer than in March 2007.

Consents for 50 new apartment units were issued, 140 fewer than the same month a year earlier.

In the North Island, 479 fewer new housing units were authorised compared with March 2007, while in the South Island 223 fewer were authorised. Thirteen of New Zealand's 16 regions authorised fewer units, with Canterbury and Auckland recording the largest decreases.

Residential building consents issued in March 2008 were valued at $541 million, down $169 million from March 2007.

Non-residential building consents issued in March 2008 were valued at $354 million, down $59 million from March 2007.

Geoff Bascand

Government Statistician

30 April 2008


© 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>>


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>>


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>>


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>>


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>>