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Building Consents Issued: December 2014
Embargoed until 10:45am  –  30 January 2015
Commentary

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

Highest annual number of new dwellings since 2007

A total of 24,680 new dwellings were consented in 2014 (up 3,390, or 16 percent, from 2013). This was the highest number since 2007.

The annual number has been increasing since 2011, when 13,662 new dwellings were consented – the fewest since the series began in 1966.

High points in the series include:

  • 31,423 new dwellings in 2004 (a 30-year high)
  • 39,766 new dwellings in 1973 (the series maximum).

Auckland and Canterbury consented 60 percent of new dwellings in 2014

Nine of the 16 regions consented more new dwellings in 2014 than 2013. Including apartments, Auckland and Canterbury regions consented 60 percent of total new dwellings in 2014.

Including apartments, the regions that consented most new dwellings in 2014 were:

  • Auckland – up 1,285 (20 percent) to 7,595
  • Canterbury – up 1,549 (27 percent) to 7,308
  • Waikato – up 124 (5.5 percent) to 2,369.   

Graph,

Annual non-residential consents value up 21 percent

The total value of non-residential consents was up 21 percent to $5.1 billion in 2014.

The regions with the largest increases were:

  • Canterbury – up $444 million (42 percent) to $1.5 billion
  • Auckland – up $148 million (11 percent) to $1.5 billion
  • Wellington – up $127 million (37 percent) to $474 million
  • Otago – up $72 million (49 percent) to $219 million.

Graph,

The building types with the highest total consent values were:

  • offices and administration buildings – up $437 million (51 percent) to $1.3 billion
  • shops, restaurants and taverns – up $183 million (33 percent) to $747 million
  • education buildings – up $103 million (19 percent) to $655 million.

Building consents value data is not adjusted for inflation.

Consents for all buildings total $14.6 billion in 2014

The total value of building work consented in the year ended December 2014 was $14.6 billion.

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

  • all buildings – up $2.5 billion (21 percent) to $14.6 billion
  • residential buildings – up $1.6 billion (20 percent) to $9.5 billion
  • non-residential buildings – up $0.9 billion (21 percent) to $5.1 billion.

Graph,

New dwelling consents drop slightly in December

In December 2014, 2,199 new dwellings were consented:

  • 466 apartments, including 235 retirement village units
  • 1,733 non-apartment dwellings.

Including apartments, the seasonally adjusted number of new dwellings consented decreased 2.1 percent, following a 10 percent increase in November and an 11 percent increase in October.

Excluding apartments, the seasonally adjusted number of new dwellings consented increased 1.6 percent. This rise followed a 2.4 percent increase in November and a 13 percent increase in October.

The trend for the number of new dwellings, including apartments, is showing signs of increasing after a brief dip in the middle of 2014.

Excluding apartments, the trend for the number of new dwellings is now rising slightly. 

Graph,

Half of the 16 regions consented more new dwellings in December

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

The regions that consented the most new dwellings were:

  • Canterbury – 732 (including 161 apartments)
  • Auckland – 630 (including 220 apartments)
  • Waikato – 192.

Graph,

Non-residential consents valued at $431 million in December

The value of non-residential building work consented in December 2014 was $431 million. The regions that contributed the most to this value were:

  • Canterbury – $149 million (including $129 million in Christchurch city)
  • Auckland – $88 million
  • Wellington – $37 million (including $29 million in Wellington city).

The building types with the highest total consent values were:

  • offices and administration buildings – $82 million
  • factories and industrial buildings – $66 million
  • social, cultural, and religious buildings – $58 million.

Graph,

Canterbury earthquake-related consents total $2.5 billion

Since 4 September 2010, $2.5 billion of Canterbury’s building consents have been identified as earthquake-related. This includes consents for 2,869 new dwellings.

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

  • $11.5 billion of building consents
  • 20,372 new dwellings consented.

In December 2014, the value of consents identified as earthquake-related in Canterbury was $80 million (of a total of $386 million for Canterbury).This included:

  • 114 new dwellings (of a total of 732)
  • $55 million for residential building work (of $230 million)
  • $25 million for non-residential building work (of $149 million).

Graph,

See more about earthquake-related building consents in Canterbury

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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