Dwelling consents trend decreasing

Dwelling consents trend decreasing

28 November 2014

The trend for the number of new dwellings consented is decreasing, Statistics New Zealand said today.

“The trend for new dwellings was recently at its highest level in seven years. While it’s now decreasing, the trend is still 6 percent higher than at the same time last year,” business indicators manager Neil Kelly said.

In October 2014, the seasonally adjusted number of new dwellings consented increased by 8.8 percent (after decreasing 12 percent in September). Excluding apartments, this number increased by 13 percent (following an 11 percent decrease in September).

In unadjusted terms, 2,152 new dwellings were consented in October (including 179 apartments).

The regions that consented the most new dwellings were:
• Canterbury – 686 (including 34 apartments)
• Auckland – 591 (including 106 apartments)
• Waikato – 194 (including 12 apartments).

Over $1.3 billion of building work was consented in October, with $877 million of residential work and $456 million of non-residential work.

Data for building consents is obtained from all territorial authorities.

For more information about these statistics: Visit Building Consents Issued: October 2014

ENDS

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