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Building Consents Issued: May 2014
Embargoed until 10:45am  –  30 June 2014
Commentary

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

Number of dwelling consents falls despite rise in non-apartment dwellings

In May 2014, a total of 2,125 new dwellings were consented. This consisted of:

  • 195 apartments, including 75 retirement village units
  • 1,930 non-apartment dwellings (the most since November 2007).

Apartment numbers vary a lot from month to month. A fluctuation in apartment numbers from April to May caused the seasonally adjusted number of new dwellings, including apartments, to fall 4.6 percent in May.

Excluding apartments, the seasonally adjusted number of new dwellings rose 4.6 percent.

Graph, New apartments consented, monthly, March 2007 to May 2014.

Dwelling trends at highest level since 2007

The trend for the number of new dwellings, including apartments, is up 99 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 86 percent from the most-recent low point in March 2011. The trend is at its highest level since December 2007, but is still 21 percent below the series peak in September 2003.

Both trends are showing signs of flattening.

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

Number of new dwellings up in 10 of the 16 regions

Ten of the 16 regions consented more new dwellings, including apartments, in May 2014 than in May 2013.

The regions with the greatest increases were:

  • Canterbury – up 111, to 605 (including 23 more apartments)
  • Otago – up 42, to 145.

The greatest decrease was in Waikato – down 48, to 192 (including 12 fewer apartments).

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

Non-residential consents valued at $370 million in May

The value of non-residential building work consented in May 2014 was $370 million. The largest contributors, by value, were:

  • shops, restaurants, and taverns (24 percent)
  • education buildings (15 percent)
  • offices and administration buildings (14 percent).

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

Canterbury earthquake-related consents total $1.8 billion

Since 4 September 2010, $1,845 million of building consents have been identified as earthquake-related. This includes consents for 1,951 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 May 2014 is $8,807 million. The total number of new dwellings consented in Canterbury over this period is 15,877.

In May 2014, the value of building consents identified as earthquake-related in Canterbury was $97 million (of a total of $336 million for Canterbury in May). This included:

  • 147 new dwellings (of a total of 605)
  • $77 million for residential building work (of $232 million)
  • $20 million for non-residential building work (of $98 million).

See more about earthquake-related building consents in Canterbury

Consents for all buildings valued at $1.2 billion

The total value of building work consented in May 2014 was $1,212 million – comprising $842 million of residential work, and $370 million of non-residential work.

Graph, Value of buildings consented, including alterations and additions, year ended May 2010 to 2014.

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

  • all buildings – up $2,132 million (20 percent) to $13,026 million
  • residential buildings – up $1,754 million (26 percent) to $8,609 million
  • non-residential buildings – up $378 million (9.4 percent) to $4,417 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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