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

 

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Interest Rates: NZ Dollar Jumps After RBNZ Trims OCR

The New Zealand dollar jumped more than half a US cent after Reserve Bank governor Graeme Wheeler cut the official cash rate by a quarter-point and said the currency needs to be lower, while dropping a reference to criteria that justified intervention. More>>

ALSO:

Drones: New 'World-Class' Framework For UAVs

The rules, which come into effect on 1 August, recognise the changing environment and create a world-class framework that accommodates ongoing development while still ensuring the safety of the public, property and other airspace users. More>>

ALSO:

Scoop Business: NZ Net Migration Reaches New Annual Record In June

New Zealand annual net migration rose to a new record in June as arrivals continued to be bolstered by Chinese and Indian students, while fewer locals departed for Australia. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news