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Building Consents Issued: August 2008
Embargoed until 10:45am  –  30 September 2008
Commentary

Seasonally adjusted series

Movements in the monthly series for seasonally adjusted dwelling numbers for March to June 2008 should be treated with caution. During this period, these series exhibited greater variability than usual. This was due to the high number of dwellings, particularly apartments, authorised in April 2008, and because of the impact of Easter being in March this year instead of April.

Residential buildings

In August 2008, consents were issued for:

  • 1,328 new dwellings, including apartments, the lowest monthly total since December 2000
  • 1,204 new dwellings, excluding apartments
  • 124 new apartment units.

The trend for the number of authorised new dwellings, including apartments, has been falling since mid-2007, and has fallen 42 percent since then.

In August 2008 compared with July 2008, the seasonally adjusted number of authorised new dwellings, including apartments, fell 7.9 percent. Excluding apartments, the number fell 8.9 percent.

For the year ended August 2008, compared with the previous August year, the authorised number of:

  • new dwellings, including apartments, fell 20 percent
  • new dwellings, excluding apartments, fell 18 percent
  • apartments fell 33 percent.  

 Graph, New Dwellings Authorised.

The value of authorised residential building consents was $457 million in August 2008 (a decrease of 40 percent compared with August 2007). This is the lowest monthly total since April 2006. The trend has also been falling from the peak in June 2007.

 Graph, Value of Residentual Buildings Authorised.

For the year ended August 2008, residential building consents valued at $6,834 million were issued, a decrease of 13 percent from the August 2007 year.

Regional residential results

In all of New Zealand's 16 regions, fewer new dwellings were authorised in August 2008 than in August 2007. Numbers fell by 923 units in the North Island and by 257 units in the South Island.

The largest regional decreases were:

  • Auckland, down 405 units, to 276
  • Canterbury, down 137, to 255
  • Waikato, down 127, to 176.

 Graph, New Dwellings Authorised.

Non-residential buildings

The value of authorised non-residential building consents was $362 million in August 2008, a decrease of 8.9 percent compared with August 2007. Four of the 11 building types recorded decreases in the value of consents.

For August 2008 compared with August 2007, the largest changes were:

  • shops, restaurants and taverns, down $53 million
  • hostels and boarding houses, down $44 million
  • social, cultural and religious buildings, up $36 million.

The largest contributors to the August 2008 value of consents were:

  • offices and administration buildings, at 24 percent
  • social, cultural and religious buildings, at 18 percent
  • factories and industrial buildings, at 11 percent.

 Graph, Value of Non-residentual Buildings Authorised.

For the year ended August 2008, non-residential building consents valued at $4,380 million were issued, an increase of 6.0 percent from the August 2007 year.

All buildings

In August 2008, the value of consents issued for all buildings was $819 million, a decrease of 30 percent compared with August 2007.

Residential buildings contributed 56 percent to the total value of all buildings in August 2008, while non-residential buildings contributed 44 percent. For the previous 12 months, the average monthly contribution of residential buildings was 62 percent.

Graph, Monthly Values. Graph, Annual Values.

For the year ended August 2008, the total value of consents issued for all buildings was $11,213 million, down $795 million (6.6 percent) from the August 2007 year. For the latest year, the value of consents issued for residential buildings fell $1,041 million, while the value for non-residential buildings rose $246 million.

Revisions

Building consent statistics for six months (October 2007, December 2007, and April–July 2008) have been revised to include late data from Auckland and Christchurch cities. The table below summarises the changes made to unadjusted data.

Revisions to Building Consents Issued
Month New dwellings Total residential
buildings
Total non-residential
buildings
Number of units $(million)
Previous Revised Change Previous Revised Change Previous Revised Change
Oct-07 2,085 2,087 2 646 647 1 381 404 23
Dec-07 1,738 1,739 1 539 542 3 331 336 5
Apr-08 2,373 .. .. 645 .. .. 468 478 10
May-08 1,653 .. .. 553 .. .. 350 355 5
Jun-08 1,362 1,380 18 455 470 15 313 331 18
Jul-08 1,410 1,435 25 491 521 30 349 383 34
Symbol: .. not applicable

Previous figures were published on 29 August 2008.
Revised figures are published on 30 September 2008.

These changes have had a minor impact on the trend series and the seasonally adjusted series:

  • The overall direction and level of the trends have not altered – the trends for the number of new dwellings and the value of residential buildings have both been falling since June 2007.
  • Changes in the seasonally adjusted series are within the normal variation expected from adding a new period of data.

It should be noted that the number of new dwelling units for August 2008 was the lowest monthly total since December 2000.

For technical information contact:
Tina Waterhouse or Tehseen Islam
Christchurch 03 964 8700
Email: info@stats.govt.nz

Next release ...

Building Consents Issued: September 2008 will be released on 30 October 2008.

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