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Home Consents Highest since 2004

Home consents highest since 2004

29 September 2017 - Monthly building consents for new homes reached a 13-year-high in August 2017, driven by a spike in apartments and retirement village units in Auckland, Stats NZ said today.

Across New Zealand, 3,166 new homes were consented in August 2017 – up 12 percent from August 2016, and the most for any month since June 2004 (when 3,447 new homes were consented).

In seasonally adjusted terms, the number rose 10 percent in August 2017 compared with July.

Home consents spike in Auckland

In Auckland, 1,184 new homes were consented, comprising:

• 526 houses

• 346 apartments

• 188 townhouses, flats, and units

• 124 retirement village units.

“Auckland’s building consent statistics are quite volatile because of the high proportion of apartments. Looking at the longer-term picture, Auckland has consented an average of more than 850 new homes a month over the past year,” construction statistics manager Melissa McKenzie said.

Some 10,265 new homes were consented in Auckland region in the August 2017 year. This compares with a peak of 12,937 new homes consented in the June 2004 year (the highest number since the series began in 1991).

For New Zealand as a whole, 30,736 new homes were consented in the August 2017 year, compared with previous peaks of 33,251 in the June 2004 year and 40,025 in the February 1974 year.


ENDS


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