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

 


NZ building consents fall 1.5 percent in October

NZ building consents fall 1.5 percent in October; up year on year

Nov. 30 (BusinessDesk) - New Zealand building consents fell 1.5 percent in October, snapping four monthly gains, with Canterbury and apartments underpinning new permits and issuance up markedly on the previous year.

The number of new dwellings consented fell to a seasonally adjusted 1,519 in October from 1,543 a month earlier, according to Statistics New Zealand. Stripping out apartment issuance, which tends to vary from month to month, new permits fell 2 percent to 1,315.

However, today's figures show new dwelling consents climbed 32 percent from October 2011, with an 89 percent spike in the number of new apartment permits issued. The value of residential consents rose 29 percent to $593 million in October from the same month a year earlier.

Building intentions have been on the up in recent months as the Canterbury rebuild and bubbling Auckland property market foster demand for new residential housing, even as politicians make noises about improving home affordability.

Canterbury residential building consents rose 58 percent in the month from a year earlier, with $25 million of future work recorded as earthquake related. A further $26 million earmarked for commercial construction work was also quake-related.

Since the September 2010 quake, some 3,200 consents have been identified, with a total value of $689 million, Statistics NZ said.

The value of non-residential building consents jumped 42 percent to $392 million from October 2011, led by consents for storage buildings, office and administration buildings and hotels and boarding houses.

The value of commercial consents rose an annual 5.2 percent to $3.89 billion, while residential consents jumped 24 percent to $6 billion.

(BusinessDesk

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news