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Building Consents Issued: February 2016
Embargoed until 10:45am  –  30 March 2016
Commentary

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

New dwellings rebound in February

In February 2016, a total of 2,379 new dwellings were consented, comprising:

  • 1,712 houses
  • 341 townhouses, flats, and units
  • 204 apartments
  • 122 retirement village units.

The seasonally adjusted number of new dwellings rose 11 percent, following a 7.8 percent fall in the previous month. The trend increased 0.9 percent, and is at its highest level since mid-2004.

For houses only, the seasonally adjusted number rose 4.1 percent, following a 5.4 percent fall in the previous month. The trend increased 0.5 percent, and is at its highest level since mid-2007.

Graph, Trend for new dwellings consented, monthly, January 2001 to February 2016.

New dwellings up in 10 of the 16 regions

In 10 of the 16 regions, the number of new dwellings consented in February 2016 was higher than in February 2015. The regions with the largest increases were:

  • Auckland – up 259 (49 percent) to 787
  • Bay of Plenty – up 99 (98 percent) to 200
  • Otago – up 99 (136 percent) to 172.

In Canterbury, 525 new dwellings were consented – up eight (1.5 percent) from February 2015.

Graph, New dwellings consented, February month, by region, 2014 to 2016.

The trend for the number of new dwellings consented in Auckland recently reached its highest level since late 2004. The trend appears to have tailed off now, but this is likely to be revised in future months due to the volatility of the series.

The trend for Waikato is at its highest level since mid-2007. The trend for Wellington appears to be decreasing. The trend for the rest of the North Island is at its highest level since early 2008.

The trend for Canterbury has fallen 18 percent since the series peak in late 2014, but is still well above the historical average level. The trend for the rest of the South Island recently reached its highest level since mid-2008, but has shown little movement in recent months.

Note: Trend movements, particularly for recent months, may be revised when we add future months to the series.

Graph, Trend for new dwellings consented, by region, monthly, December 2008 to February 2016.

Canterbury earthquake-related consents total $3.5 billion

Since September 2010, $3.5 billion of Canterbury's consents have been identified as earthquake-related building consents. This includes consents for 4,255 new dwellings.

Not all earthquake-related consents can be identified. For comparison, total figures for Canterbury from September 2010 to February 2016 were:

  • $16 billion of building consents (all construction)
  • 27,675 new dwellings consented.

In February 2016, the value of consents identified as earthquake-related in Canterbury was $49 million (of a total of $292 million for Canterbury). This included 68 new dwellings (of a total of 525).

Graph, Value of building consents in Canterbury, including alterations, additions, and non-building construction, monthly, December 2008 to February 2015.

Non-residential building consents down

The value of consents for non-residential buildings in February 2016 was $372 million – down $99 million (21 percent) from February 2015, mainly due to a decrease in the value of consents for office, administration, and public transport buildings.

Graph, Value of non-residential buildings consented, by building type (including alterations and additions), February month, 2014 to 2016.

The regions that contributed the highest value of non-residential building consents in February 2016 were:

  • Auckland – $118 million
  • Canterbury – $107 million
  • Wellington – $35 million.

Consents for all buildings total $1.4 billion in February

The total value of building work consented in February 2016 was $1.4 billion. This comprised $1.1 billion of residential work, and $372 million of non-residential work.

For the year ended February 2016, compared with the year ended February 2015, the value of building consented increased for:

  • all buildings – up $1.9 billion (13 percent) to $17 billion
  • residential buildings – up $1.4 billion (14 percent) to $11 billion
  • non-residential buildings – up $515 million (9.8 percent) to $5.8 billion.

Graph, Value of buildings consented, including alterations and additions, year ended February 2012 to 2016.

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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