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

 

Home consents down in July

Home consents down in July

30 August 2017

Building consents for new homes fell slightly in July, Stats NZ said today.

The seasonally adjusted number of new homes consented fell 0.7 percent in July 2017, following a 1.3 percent fall in June 2017.

“July’s fall was driven by the number of consented apartments, townhouses, and retirement units, which fluctuates from month to month,” construction statistics manager Melissa McKenzie said. “The fall for multi-unit dwellings was partly offset by an increase for stand-alone houses.”

The seasonally adjusted number of stand-alone houses consented rose 8.5 percent in July 2017, more than reversing a 4.0 percent fall in June.

The actual number of new homes consented was 2,762 in July 2017 (down 1.7 percent from July 2016), comprising:

• 1,900 houses (up 7.9 percent from July 2016)

• 367 apartments (down 14 percent)

• 350 townhouses, flats, and units (down 20 percent)

• 145 retirement village units (down 23 percent).

Auckland region had the largest fall in July 2017, with 313 fewer new homes consented compared with July 2016 (down 29 percent to 774 new homes consented). The fall was driven by decreases in the volatile apartment and townhouse categories. Auckland’s numbers are quite volatile because almost half the homes consented are in multi-unit projects. On average, the region currently consents over 800 new homes a month.

Otago region had the largest rise from July 2016, with 114 more homes consented – up 68 percent to 282 in July 2017, driven by a spike for apartments in Queenstown.

In the year ended July 2017, 30,404 new homes were consented across New Zealand, including 10,051 in Auckland.

See also Interactive map of new dwellings consented (for the year ended June 2017, not July 2017).


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuel Leak: Refinery Prepares To Repair Damaged Pipeline

Refining NZ has confirmed that it is to start repairs on a section of its multi-product fuel pipeline which was shut down following a jet fuel leak last Thursday. More>>uption.htm">More>>

ALSO:

StatsNZ: Economy Grows 0.8% In June Quarter

“Strong export and domestic demand underpinned growth this quarter,” national accounts senior manager Gary Dunnet said. “Demand for exports has resulted in strong production growth in manufacturing and service industries.” More>>

ALSO:

Stats NZ: Annual Net Migration Remains High

Annual net migration was 72,100 in the August 2017 year... Migrant arrivals reached 132,200, a new annual record, and migrant departures were 60,100 in the year ended August 2017. More>>

ALSO:

Expert Reaction: Cassini's Grand Saturn Finale

After a 20 year mission, NASA's spacecraft Cassini will meet its demise this week by plunging into Saturn's atmosphere and burning up. More>>

ALSO:

Jurisdiction: Court Rejects Cathay Unit's Retirement Age Of 55 For Pilots

The Supreme Court has backed two Auckland-based Cathay Pacific pilots who claimed local law meant they couldn't be forced to retire at 55. More>>

ALSO:

Supreme Court: AFFCO Loses Lockout Appeal

The essential question in the appeal was whether those who presented themselves for work at the beginning of the 2015/2016 season were at that time “employees” for the purposes of the lockout provision... This Court has unanimously dismissed the appeal. More>>