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

 


Large increase in new housing consents for March

Large increase in new housing consents for March

Consents were issued for 1,559 new houses in March 2012, the highest monthly total since September 2008, Statistics New Zealand said today. This is an increase of 43 percent from March 2011.

"This is the highest number of new houses consented in a month for almost four years, and is a big increase from March last year," industry and labour statistics manager Blair Cardno said. "Most of this increase was concentrated in the Auckland and Canterbury regions."

Auckland had the largest regional increase in new houses (up 213), including 104 new apartments, in March 2012. No apartments were consented in the Auckland region in March 2011. This is the highest number of new houses consented in the Auckland region since April 2008.

The number of new houses consented also increased significantly in the Canterbury region. The majority of consents were for houses located outside Christchurch city in the surrounding districts. This increase partly reflects the low number of dwellings consented in March last year, likely due to the major earthquake on 22 February 2011. There were small increases in most other regions, with only Gisborne, the West Coast, and Hawke's Bay recording small decreases.

After removing seasonal fluctuations, there were large increases in the number of new houses, both including and excluding apartments, in March 2012. The trends for the number of new houses, both including and excluding apartments, have both been rising over the last year.

The value of residential building consents also rose significantly in March 2012, up 30 percent from March 2011. This is also the highest monthly figure since September 2008.

In Canterbury, earthquake-related building consents totalled $28 million in March 2012. Of this, $19 million was for non-residential work and $9 million was for residential work, including 16 new houses.

Data for building consents is obtained from all territorial authorities.

http://img.scoop.co.nz/media/pdfs/1204/BuildingConsentsIssuedMar12HOTP.pdf

END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news