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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news