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Home consents down again in July

Home consents down again in July – Media release

30 August 2018

The number of new homes consented fell a seasonally adjusted 10 percent in July 2018, Stats NZ said today.

This followed an 8.2 percent fall in June, after a 6.7 percent rise in May.

“The number of new homes consented can be quite volatile on a monthly basis, particularly as the number of apartments consented tends to fluctuate a lot,” construction indicators manager Melissa McKenzie said.

“Looking at the longer-term picture, we are seeing growth in building consents for apartments and townhouses, while consents for stand-alone houses have been quite flat over the past two years.”

On an annual basis, 32,850 new homes were consented in the year ended July 2018 – up 8.0 percent from the July 2017 year. The annual increase reflected more consents for apartments; townhouses, flats, and units; and retirement village units (up 29 percent for the three groups to a total of 11,843). The number of stand-alone houses consented fell 1.0 percent to 21,007.

Auckland accounted for 39 percent of all new homes consented in New Zealand over the latest year (with 12,845 new homes consented in the region).

Annual Auckland home consents up 28 percent has more information.

Ends

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