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Building Consents Issued: March 2014
Embargoed until 10:45am  –  30 April 2014
Commentary

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

Dwelling trends continue to rise

In March 2014, a total of 1,999 new dwellings were consented. This consisted of:

  • 186 apartments, including 110 retirement village units
  • 1,813 non-apartment dwellings (the highest number since November 2007).

The seasonally adjusted number of new dwellings, including apartments, rose 8.3 percent in March (following falls in the previous two months).

Excluding apartments, the seasonally adjusted number of new dwellings rose 1.3 percent in March.

The trend for the number of new dwellings, including apartments, is up 97 percent from the series minimum in March 2011. The trend is at its highest level since September 2007, but is still 28 percent below the series peak in January 2004.

Excluding apartments, the trend is up 89 percent from the most-recent low point in March 2011. The trend is at its highest level since November 2007, but is still 19 percent below the series peak in September 2003.

Graph, Trend for new dwellings consented, monthly, March 2007 to March 2014.

New dwellings up in 12 regions

Including apartments, 12 of the 16 regions consented more new dwellings in March 2014 than in March 2013.

The regions with the greatest increases were:

  • Auckland – up 168, to 561 (including 61 apartments)
  • Canterbury – up 160, to 604
  • Waikato – up 64, to 232 (including 67 apartments).

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

Five regions consented apartments in March:

  • Auckland – 61
  • Waikato – 67
  • Bay of Plenty – 34
  • Wellington – 10
  • Otago – 14.

Non-residential consents valued at $422 million in March

The value of non-residential building work consented in March 2014 was $422 million. The largest contributors, by value, were:

  • offices and administration buildings (37 percent of all non-residential buildings)
  • shops, restaurants, and taverns (13 percent)
  • factories and industrial buildings (9 percent)
  • storage buildings (9 percent).

The value of consents for offices and administration buildings was up $91 million in March 2014 compared with March 2013. This increase was driven by several high-value consents.

The value of consents for hostels and boarding houses was down $132 million in March 2014 compared with March 2013. The high value in March 2013 was caused by work on prisons in the Auckland region.

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

Non-residential consents increase 20 percent in March quarter

The seasonally adjusted value of consents for non-residential building work rose 20 percent in the March quarter, following a fall of 15 percent over the previous two quarters.

The trend for the value of consents for non-residential building work has risen 27 percent since the low point in the June 2011 quarter, and is at its highest level since the June 2009 quarter. However, this series is not adjusted for inflation.

Graph, Value of non-residential buildings consented, including alterations and additions, quarterly, March 2007 to March 2014.

Canterbury earthquake-related consents total almost $1.7 billion

Since 4 September 2010, $1,673 million of building consents have been identified as earthquake-related. This includes consents for 1,688 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 March 2014 is $8,140 million. The total number of new dwellings consented in Canterbury over this period is 14,718.

In March 2014, the value of building consents identified as earthquake-related in Canterbury was $96 million (of a total of $356 million for Canterbury in March). This included:

  • 139 new dwellings (of 604)
  • $70 million for residential building work (of $221 million)
  • $25 million for non-residential building work (of $132 million).

See more about earthquake-related building consents in Canterbury

Consents for all buildings valued at $1.2 billion in March

The total value of building work consented in March 2014 was $1,222 million.

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

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

  • all buildings – up $2,439 million (24 percent) to $12,776 million
  • residential buildings – up $1,935 million (30 percent) to $8,399 million
  • non-residential buildings – up $504 million (13 percent) to $4,377 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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