Building Consents Issued: August 2005

Building Consents Issued: August 2005

30 September 2005 Building Consent Values Increase

The value of consents issued for non-residential buildings in August 2005 is $387 million, which is $79 million (26 percent) higher than in August 2004, Statistics New Zealand said today. The main contributor to the August 2005 value was shops, restaurants and taverns at $95 million.

For residential buildings, the value of consents issued in August 2005 is $633 million, which is $90 million (17 percent) higher than in the previous August. Consents were issued for 2,301 new dwelling units in August 2005, up 0.2 percent from August 2004 but down 15 percent from August 2003. Apartment units accounted for 12 percent of all new dwelling units in August 2005, compared with 19 percent in July 2005 and 11 percent in June 2005.

Consent values and numbers for August 2005 may have been affected by the inclusion of consents that would normally have been issued in earlier months. Some councils have been reducing the backlog of consent applications which followed changes to the building consent and inspection process that came into force on 31 March 2005.

For the year ended August 2005, the value of consents for all buildings totalled $10,858 million, up $596 million (6 percent) from the previous August year.

Consents for residential buildings fell $213 million, while consents for non-residential buildings rose $809 million. Residential buildings accounted for 63 percent of all building consent values in the August 2005 year, compared with 68 percent in the August 2004 year.

Brian Pink

Government Statistician

ENDS

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