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


Home consents rebound in February

Home consents rebound in February – Media release

31 March 2017

Home building consents rebounded in February 2017, but were up only slightly from February 2016, Stats NZ said today.

A total of 2,418 new homes were consented in February 2017 – up 1.6 percent from February 2016.

In seasonally adjusted terms, this was a 14 percent increase from January 2017. However, this only partly reversed large falls in November and December 2016.

“While we saw a strong seasonally adjusted increase this February, the actual number of homes consented was up only slightly from last year,” business indicators senior manager Neil Kelly said.

In the year ended February 2017, 30,162 new homes were consented – the most for a February year since 2005. This total includes 10,045 new homes in Auckland – also the most for a February year since 2005.

However, the trend for the number of new homes consented has fallen, after reaching a 12-year high in mid-2016. This decrease has been driven by Canterbury and Auckland, although the trends for other parts of New Zealand are also showing signs of flattening or decreasing.

Building consents are an indicator of future building activity, and almost all consented work is eventually completed. Recent building consent decreases are not reflected in the Value of Building Work Put in Place: December 2016 quarter, which showed that building activity continued to increase. For further information see Building plans put to work.


For more information about these statistics:

• Visit Building Consents Issued: February 2017

• Open the attached files



© Scoop Media

Business Headlines | Sci-Tech Headlines


Primary Sector Council Report: Vision To Unite The Primary Sector Launched

Agriculture Minister Damien O’Connor has welcomed the release of a bold new vision for the country’s vital food and fibre sector. More>>


Crown Accounts: Treasury HYEFU Sees Deficit Then Rising Surpluses

An operating balance before gains and losses deficit of $0.9 billion is forecast in the current year, before returning to a small surplus in 2020/21 which then grows to reach $5.9 billion (1.5% of GDP) in 2023/24. More>>


Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>


Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>