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Building Consents Issued: August 2014
Embargoed until 10:45am  –  30 September 2014
Commentary

Figures given are not adjusted for seasonal fluctuations unless otherwise stated. Values include GST and are not adjusted for inflation.

Dwelling consent trends showing signs of slowing

In August 2014, 2,022 new dwellings were consented, comprising:

  • 254 apartments, including 108 retirement village units
  • 1,768 non-apartment dwellings.

The seasonally adjusted number of new dwellings (including apartments) was unchanged from July, but fell 1.6 percent when apartments are excluded.

The trend for the number of new dwellings, including apartments, has more than doubled since the series minimum in March 2011. However, the rate of growth is slowing. The trend is at its highest level since August 2007, but is still 25 percent below the series peak in January 2004.

Excluding apartments, the trend is up 89 percent from the most-recent low point in March 2011. It is at its highest level since November 2007, but is showing signs of easing, and is still 20 percent below the series peak in September 2003.

Since March 2011, the trend including apartments has increased more than the trend excluding apartments. This reflects an increase in apartment numbers, especially over the last 10 months.

Graph, Trend for new dwellings consented, monthly, June 2007 to August 2014.

Number of consented dwellings up in 13 of the 16 regions

Thirteen of the 16 regions consented more new dwellings, including apartments, in August 2014 than in August 2013.

The regions with the largest movements were:

  • Auckland – up 153, to 656 (including 113 more apartments)
  • Canterbury – up 74, to 540
  • Nelson – down 23, to 15.

Apartment numbers usually fluctuate from month to month.

Graph, New dwellings consented, including apartments, August month, by region, 2012 to 2014.

Non-residential consents valued at $433 million in August

The value of non-residential building work consented in August 2014 was $433 million. The territorial authorities that contributed the most to this value were:

  • Auckland city – $153 million
  • Christchurch city – $115 million
  • Lower Hutt city – $21 million.

The value of consents for offices and administration buildings in August 2014 was $65 million higher than in August 2013. Christchurch and Auckland were the main drivers of this increase.

Graph, Value of non-residential buildings consented, by building type (including alterations and additions), August month, 2012 to 2014.

Canterbury earthquake-related consents total over $2.1 billion

Since 4 September 2010, $2,149 million of building consents have been identified as earthquake-related. This includes consents for 2,355 new dwellings.

Not all earthquake-related consents can be identified. For comparison, total figures for Canterbury from September 2010 to August 2014 were:

  • $10,033 million of building consents
  • 17,649 new dwellings consented.

In August 2014, the value of consents identified as earthquake-related in Canterbury was $76 million (of a total of $343 million for Canterbury). This included:

  • 119 new dwellings (of a total of 540)
  • $59 million for residential building work (of $202 million)
  • $17 million for non-residential building work (of $136 million).

See more about earthquake-related building consents in Canterbury

Consents for all buildings total almost $1.2 billion in August

The total value of building work consented in August 2014 was $1,187 million – comprising $753 million of residential work, and $433 million of non-residential work.

For the year ended August 2014, compared with the year ended August 2013, the value of building consents increased for:

  • all buildings – up $2.4 billion (21 percent) to $13.9 billion
  • residential buildings – up $1.9 billion (26 percent) to $9.1 billion
  • non-residential buildings – up $0.6 billion (13 percent) to $4.8 billion.

Graph, Value of buildings consented, including alterations and additions, year ended August 2010 to 2014.

Data for building consents is obtained from all territorial authorities in New Zealand.

For more detailed data, see the Excel tables in the ‘Downloads’ box.

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