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

 

House consents continue to rise

House consents continue to rise

31 March 2014

The seasonally adjusted number of new houses consented rose 3.0 percent in February 2014, Statistics New Zealand said today.

“The trend for new houses has been increasing for almost three years, and is at its highest level since December 2007,” business indicators manager Neil Kelly said.

In unadjusted terms, 1,702 new houses were consented in February, as well as 66 apartments. This was the lowest monthly number of apartments consented in almost a year, but follows five-year highs in November and December.

This fluctuation in apartment numbers caused the seasonally adjusted total number of new dwellings to fall 1.7 percent in February.

In February, Canterbury consented 30 percent of the country's new dwellings, while Auckland consented 26 percent.

A total of $1.1 billion of building work was consented in February. This comprised:
• $726 million of residential work
• $376 million of non-residential work.

Data for building consents is obtained from all territorial authorities in New Zealand.

For more information about these statistics:

• Visit Building Consents Issued: February 2014

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: