Homes consented dips in April

buildingconsentsissuedapril2018.xlsx
Homes consented dips in April – Media release

30 May 2018

The seasonally adjusted number of new homes consented fell 3.7 percent in April 2018, Stats NZ said today. This followed a 13 percent increase in March.

“Apartments and townhouses consented tend to be unevenly spread month to month, which causes peaks and troughs in total new homes consented,” construction statistics manager Melissa McKenzie said.

The number of stand-alone houses consented fell a seasonally adjusted 1.4 percent in April.

The seasonally adjusted series account for Easter moving between March and April.

Record year for townhouses as home consents rise

In actual terms, new homes consented rose 5.4 percent to 32,015 in the 12 months to April 2018, the highest level since 2004.

Townhouses and apartments drove the increase in the total number of homes consented, offsetting a slight dip in consents for new houses. Consents issued for townhouses reached a record 5,508 in the year ended April 2018. This surpassed the previous highs for townhouses: 5,287 in the year ended March 2018 and 5,169 in the year ended June 1995.

“The number of townhouses consented may have been higher than this before 1990, particularly during the building boom of the mid-seventies. Before 1990 only a total was recorded for the number of new homes,” Ms McKenzie said.

Ends

For more information about these statistics:
• Visit Building consents issued: April 2018
• See CSV files for download
• Open the attached files

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