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Building Consents Issued: June 2008
Embargoed until 10:45am  –  29 July 2008
Commentary

Seasonally adjusted dwelling numbers

Recent movements in the series for seasonally adjusted dwelling numbers should be treated with caution. These series are exhibiting greater variability than usual because of the high number of dwellings, particularly apartments, authorised in April 2008 and because of the impact of Easter being in March this year instead of April.

Residential buildings

In June 2008, consents were issued for:

  • 1,362 new dwellings including apartments, the lowest monthly number since January 2001.
  • 1,261 new dwellings excluding apartments.
  • 101 new apartment units.

Apartments contributed 7 percent to the number of new dwellings authorised in June 2008, compared with a monthly average of 11 percent for the previous 12 months.

The trends for the number of new dwellings, both including and excluding apartments, have been declining since June 2007.

 Graph, New Dwellings Authorised.

 

 

For the year ended June 2008, consents were issued for:

  • 23,240 new dwellings including apartments.
  • 20,881 new dwellings excluding apartments.
  • 2,359 new apartment units.
 

The value of authorised residential building consents was $455 million in June 2008, a decrease of $236 million (34 percent) compared with June 2007. This monthly total is the lowest since April 2006. The trend continues to decline from the peak in June 2007.

For the year ended June 2008, residential building consents valued at $7,280 million were issued, a decrease of 5.9 percent from the June 2007 year.

 Graph, Value of Residential Buildings Authorised.

Regional residential results

In 15 of New Zealand's 16 regions, fewer new dwellings were authorised in June 2008 than in June 2007, while Tasman authorised the same number. New dwelling numbers fell by 960 units in the North Island and by 252 units in the South Island.

For the year ended June 2008 compared with the previous June year, the regions authorising the highest regional numbers of new dwellings were:

  • Auckland, with 5,752 units (down 1,029)
  • Canterbury, with 3,822 units (down 649)
  • Waikato, with 3,010 units (down 765)
  • Wellington, with 2,153 units (up 121).

 Graph, New Dwellings Authorised.

Non-residential buildings

The value of non-residential building consents was $313 million in June 2008, a decrease of $69 million (18 percent) compared with June 2007. Five of the 11 building types recorded decreases in value.

The largest decreases were recorded for:

  • Shops, restaurants and taverns, down $54 million from a high value in June 2007.
  • Social, cultural and religious buildings, down $36 million from a high value in June 2007.
  • Factories and industrial buildings, down $16 million.

These decreases were partly offset by an increase in hotels and other short-term accommodation, up $17 million, and farm buildings, up $11 million.

For the year ended June 2008, non-residential building consents valued at $4,330 million were issued, an increase of 7.4 percent from the June 2007 year.

 Graph, Value of Non-residential Buildings Authorised.

For the year ended June 2008, the largest contributors to the value of non-residential buildings authorised were:

  • offices and administration buildings (20 percent)
  • shops, restaurants and taverns (14 percent), and
  • factories and industrial buildings (13 percent).

All buildings

In June 2008, the value of consents issued for all buildings was $768 million, a decrease of $305 million (28 percent) compared with June 2007.

Residential buildings contributed 59 percent to the total value of all buildings in June 2008, while non-residential buildings contributed 41 percent. For the previous 12 months, the average monthly contribution of residential buildings was 63 percent.

For the year ended June 2008, the total value of consents issued for all buildings was $11,610 million, down $160 million (1.4 percent) from the June 2007 year. For this period, the value of consents issued for residential buildings fell $458 million while non-residential buildings rose $298 million.

Graph, Monthly Values. Graph, Annual Values.

For technical information contact:
Tina Waterhouse or John Gudgeon
Christchurch 03 964 8700
Email: info@stats.govt.nz

Next release ...

Building Consents Issued: July 2008 will be released on 29 August 2008.

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