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New Zealand Housing and Construction Quarterly released

Media release

07 March 2014

New Zealand Housing and Construction Quarterly released

The Ministry of Business, Innovation and Employment today released the second edition of the New Zealand Housing and Construction Quarterly. The report analyses key housing market, construction and social housing data.

“This quarter’s report looks at the impact of the recent loan-to-value ratio restrictions on the housing market,“ says Bryan Field, MBIE’s Manager of Modelling and Sector Trends.

The report also discusses the pressure on the Christchurch construction industry from strong growth in building consents and increasing construction costs.

“The cost of building a standard house in Christchurch grew by 11 per cent per square metre in 2013.

“Auckland's housing boom also continued with changes to the value of houses and increased rent,” Mr Field says.

At the end of December 2013 house values in Auckland were the highest in more than 10 years and at unprecedented levels relative to rents.

The New Zealand Housing and Construction Quarterly publication can be downloaded from MBIE’s Building and Housing information website at http://www.dbh.govt.nz/sector-information

Accompanying the release of the New Zealand Housing and Construction Quarterly are a new set of online rental data tables. These can be downloaded at http://dbh.govt.nz/nz-housing-and-construction-quarterly-open-data.

Future editions of the New Zealand Housing and Construction Quarterly will be released in May, August and November this year.

[ends]

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