Dwelling consents trend flattens

Dwelling consents trend flattens – Media release

30 June 2014

The trend for the number of new dwellings consented is at its highest level since September 2007, but has flattened in recent months, Statistics New Zealand said today.

“The trend for new dwellings has been increasing for three years, but is still 28 percent below the series peak in 2004,” business indicators manager Neil Kelly said.

A fluctuation in apartment numbers from April to May caused the seasonally adjusted number of new dwellings consented to fall 4.6 percent in May 2014.

Excluding apartments, the seasonally adjusted number of new dwellings rose 4.6 percent.

In unadjusted terms, 2,125 new dwellings were consented in May, including 195 apartments (down from 432 apartments in April). Apartment numbers vary a lot from month to month.

The regions that consented the most new dwellings were:
• Auckland – 611 (including 109 apartments)
• Canterbury – 605 (including 46 apartments)
• Waikato – 192.

A total of $1.2 billion of building work was consented in May, with $842 million of residential work and $370 million of non-residential work.

Data for building consents is obtained from all territorial authorities.

Ends

For more information about these statistics:

• Visit Building Consents Issued: May 2014
• Open the attached files
BuildingConsentsIssuedMay14.pdf
bcimay14tables.xls

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