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

 

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: