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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news