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

 

Home Consents Dip

Home Consents for New Homes Dip in September

Building consents for new homes fell in September 2017, following a recent run of increases, Stats NZ said today.

“The seasonally adjusted number of new homes consented fell 2.3 percent in September compared with August, after rising in each of the previous four months,” prices, accommodation, and construction senior manager Jason Attewell said. “Home consents have trended upwards recently, and are at a level last seen in 2004.”

Some 2,770 new homes were consented in September 2017, up 6.0 percent compared with the same month in 2016.

On an annual basis, 30,892 new homes were consented in the September 2017 year – up 3.0 percent compared with the September 2016 year, despite a large fall in Canterbury. The national increase was driven by townhouses and apartments, with slight falls for retirement village units and houses.

The regions consenting the most new homes in the September 2017 year were:

• Auckland – 10,317 new homes (up 2.9 percent from the September 2016 year)

• Canterbury – 5,122 new homes (down 18 percent as the post-quake rebuild continues to wind down, but still at a historically high level)

• Waikato – 3,596 new homes (up 1.7 percent)

• Bay of Plenty – 2,596 new homes (up 4.8 percent).

Note: We have improved the way we calculate the seasonally adjusted number of new homes consented. We now include an adjustment for the timing of Easter. As a result, the seasonally adjusted increase in the number of new homes consented in August 2017 has been revised down from 10 percent to 5.9 percent. For more information, see Building consents issued seasonal adjustment and trend changes in September 2017 on DataInfo+.

September

31 October 2017 - Building consents for new homes fell in September 2017, following a recent run of increases, Stats NZ said today.

“The seasonally adjusted number of new homes consented fell 2.3 percent in September compared with August, after rising in each of the previous four months,” prices, accommodation, and construction senior manager Jason Attewell said. “Home consents have trended upwards recently, and are at a level last seen in 2004.”


ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tornado Aftermath: More Storms Forecast For New Plymouth

Up to 30 homes were damaged Monday night when a tornado roared through a New Plymouth suburb last night , cutting power lines, tearing off roofs, and toppling trees. More>>

ALSO:

Government Investment Rejig: Sustainable Food & Fibre Futures Launched

Growing New Zealand’s food and fibre sectors sustainably and supporting a thriving economy are the hallmarks of a new investment programme announced today by Agriculture Minister Damien O’Connor. More>>

Dump Levy Options: Waste Work Programme Announced

Associate Environment Minister Eugenie Sage has announced a programme of work to take action on New Zealand’s long-neglected waste problems. More>>

ALSO:

Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

ALSO:

Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO: