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Building Consents Issued: February 2017
Embargoed until 10:45am  –  31 March 2017
Commentary

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

Dwellings trend continues to decrease

The trend for the number of new dwellings consented has fallen 11 percent since mid-2016, when it reached a 12-year high.

Graph, Trend for new dwellings consented, monthly, January 2001 to February 2017.

The trends for all six regional areas are showing signs of easing or decreasing. However, these regional trends are quite volatile, and are revised each month.

In Canterbury, the trend has fallen 40 percent since the series peak in late 2014 as the post-earthquake residential rebuild slowly winds down.

Graph, Trend for new dwellings consented, by region, monthly, January 2001 to February 2017.

Dwelling consents rebound in February

The seasonally adjusted number of new dwellings consented rose 14 percent in February 2017, following falls of 8.6 percent and 7.5 percent in November and December 2016, and a 2.1 percent rise in January 2017.

For houses only, the seasonally adjusted number also rose 14 percent.

In actual terms, 2,418 new dwellings were consented in February 2017 (up 1.6 percent from February 2016):

  • 1,761 houses
  • 373 townhouses, flats, and units
  • 225 apartments
  • 59 retirement village units.

The regions consenting the most new dwellings were:

  • Auckland – 800 (up 1.7 percent from February 2016)
  • Canterbury – 361 (down 31 percent)
  • Waikato – 294 (up 7.3 percent).

Graph, New dwellings consented, by region, February month, 2015 to 2017.

Over 30,000 new dwellings consented annually

In the year ended February 2017, 30,162 new dwellings were consented – the most for a February year since 2005. However, this is still well below the all-time high of 40,025 new dwellings consented in the year ended February 1974.

In the February 2017 year, Auckland consented 10,045 new dwellings – also the most for a February year since 2005.

Graph, New dwellings consented, year ended February 1967 to 2007.

Consents for all buildings total $1.5 billion in February

Including alterations, consents for all buildings totalled $1.5 billion in February 2017:

  • $1.1 billion for residential buildings
  • $410 million for non-residential buildings.

In the year ended February 2017, consents for all buildings totalled $18.6 billion (up 11 percent from the February 2016 year):

  • $12.5 billion for residential buildings (up 14 percent)
  • $6.1 billion for non-residential buildings (up 5.3 percent).

Graph, Value of buildings consented, including alterations and additions, year ended February 2013 to 2017.

Find data tables

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

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