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

 


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]

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news