New homes consented reach 14-year high
4 February 2019
Nearly 33,000 new homes were consented in the December 2018 year, the highest in any year since mid-2004, Stats NZ said today.
In the December 2018 year, 32,996 new homes were consented, just below the most recent peak in the June 2004 year, when 33,251 were consented.
“The number of new homes consented in 2018 reached their highest level in over 14 years,” construction statistics manager Melissa McKenzie said.
“The all-time record was 40,025 new homes consented in the year ended February 1974.”
Nationally, the number of new homes consented rose 6.1 percent in 2018 from the December 2017 year, driven by increases in Auckland and Wellington (up 18 percent and 19 percent respectively).
In the Auckland region, 12,862 new homes were consented in 2018. This is down slightly from the year ended October 2018 when 13,078 homes were consented, the highest number since the early 1970s.
Of the 13 wards that make up the Auckland region, 10 consented more new homes in 2018 than in the previous December year. The largest increase was in the Manurewa-Papakura ward, up from 987 to 1,612, an increase of 63 percent.
There were 2,731 new homes consented in Wellington region in 2018, just below a record 2,781 in the year ended June 2018, the highest since regional records began in 1991.
Nationally, the seasonally adjusted number of all new homes consented in the month of December 2018 was up 5.1 percent from November 2018.
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