Building consents on the rise

Excluding apartments, the seasonally adjusted number of new dwellings authorised has risen to the highest number since May 2008, according to a report from Statistics NZ.

The seasonally adjusted number of new dwellings rose 3.1 per cent in November, after rising 11 per cent in October. The trend for the number of new dwellings authorised (excluding apartments) has been increasing since March 2009 (up 43 per cent), following a series of falls that began in July 2007.

Including apartments, the seasonally adjusted number of new dwellings authorised in November 2009 rose 1.2 per cent, after rising 11 per cent in October 2009.

The trend for the number of new dwellings authorised (including apartments) has increased since the low in January 2009 (up 31 per cent), following a series of falls that began in June 2007.

The value of residential building consents was $537 million in November 2009, 18 per cent higher than in November 2008. The trend for the value of residential building consents has increased since April 2009 (up 26 per cent), following falls that began in July 2007.

In November 2009, consents were issued for:

  • 1,500 new dwellings, including apartments
  • 42 new apartment units.

More new dwelling units were authorised in 13 of New Zealand’s 16 regions in November 2009 compared with November 2008.

In the North Island, numbers rose by 236 units (30 per cent) bringing the number to 1,025 units, the highest since September 2008. In the South Island, numbers rose by 96 units (25 per cent) bringing the number to 475 units, the highest since May 2008.

The regions with the largest increases were:

  • Canterbury, up 98 units to 287
  • Wellington, up 70 units to 143
  • Hawke’s Bay, up 43 units to 77.

The only regions with fewer units authorised were Southland, Nelson, and Manawatu-Wanganui, all with decreases of 8 units or less.