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Building Consents Issued: January 2014
Embargoed until 10:45am  –  28 February 2014
Commentary

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

Apartment numbers return to lower level

In January 2014, a total of 1,640 new dwellings were consented. This consisted of:

  • 154 apartments, including 88 retirement village units
  • 1,486 non-apartment dwellings.

Apartment numbers returned to a lower level in January, after recording high numbers in November and December. This caused the seasonally adjusted number of new dwellings, including apartments, to fall 8.3 percent, following an increase of 20 percent over the previous two months.

Excluding apartments, the seasonally adjusted number of new dwellings fell only 1.3 percent in January, following a rise of 11 percent in December.

Graph, New apartments consented, monthly, December 2006 to January 2014.

Dwelling trends continue to rise

The trend for new dwellings, including apartments, is at its highest level since September 2007, and is 100 percent higher than the series minimum in March 2011. However, it is still 28 percent below the series maximum in January 2004.

The trend for new dwellings, excluding apartments, is at its highest level since January 2008, and is 79 percent higher than the most-recent low point in March 2011. However, it is still 24 percent below the series maximum in September 2003.

Note: Seasonally adjusted and trend figures, particularly for the latest periods, may be revised whenever a new month is added to the series.

Graph, Trend for new dwellings consented, monthly, December 2006 to January 2014.

New dwellings up in 13 regions

Including apartments, 13 of the 16 regions consented more new dwellings in January 2014 than in January 2013.

The regions with the greatest increases were:

  • Canterbury – up 142, to 520 (including 27 apartments)
  • Auckland – up 61, to 433 (including 68 apartments)
  • Wellington – up 35, to 127 (including 59 apartments)
  • Waikato – up 33, to 137.

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

Non-residential consents valued at $289 million in January

The value of non-residential building work consented in January 2014 was $289 million. The largest contributors, by value, were:

  • offices and administration buildings (28 percent of all non-residential buildings)
  • education buildings (18 percent)
  • factories and industrial buildings (15 percent).

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

Canterbury earthquake-related consents total almost $1.5 billion

Since 4 September 2010, $1,497 million of building consents have been identified as earthquake-related. This includes consents for 1,425 new dwellings.

Not all earthquake-related consents can be identified. For example, if a new house (to replace a damaged house) is built at a different site, the new house might not be identified as earthquake-related.

For comparison, the total value of building consents in Canterbury from September 2010 to January 2014 is $7,478 million. The total number of new dwellings consented in Canterbury over this period is 13,584.

In January 2014, the value of building consents identified as earthquake-related in Canterbury was $56 million (of a total of $261 million for Canterbury in January). This included:

  • 105 new dwellings (of 520)
  • $54 million for residential building work (of $197 million)
  • $2 million for non-residential building work (of $62 million).

See more about earthquake-related building consents in Canterbury

Consents for all buildings valued at $930 million in January

The total value of building work consented in January 2014 was $930 million.

Graph, Value of buildings consented, including alterations and additions, monthly, December 2011 to January 2014. Graph, Value of buildings consented, including alterations and additions, year ended January 2012 to 2014.

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

  • all buildings – up $2,063 million (20 percent) to $12,266 million
  • residential buildings – up $1,717 million (27 percent) to $8,025 million
  • non-residential buildings – up $346 million (8.9 percent) to $4,241 million.

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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