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Building Consents Issued: November 2008 - Revised 14 January 2009 – See attached Erratum
Embargoed until 10:45am  –  14 January 2009
Commentary

Seasonally adjusted series

Movements in the monthly series for seasonally adjusted dwelling numbers for March to June 2008 should be treated with caution. During this period, these series exhibited greater variability than usual. This was due to the high number of dwellings, particularly apartments, authorised in April 2008, and the impact of Easter being in March instead of April.

Residential buildings

In November 2008, consents were issued for:

  • 1,168 new dwelling units, including apartments, the lowest monthly total since January 1992 (when there were 1,166 new dwellings authorised), and five fewer units than for October 2008
  • 1,052 new dwellings, excluding apartments, the lowest monthly total since the series began in January 1990
  • 116 new apartment units.

Apartments contributed 10 percent to the number of new dwellings authorised in November 2008, compared with a monthly average of 11 percent for the previous 12 months.

In November 2008, the seasonally adjusted number of authorised new dwellings, excluding apartments, fell 4.0 percent. Including apartments, the number rose 4.3 percent. Apartment numbers can vary considerably from month to month.

The trend for the number of authorised new dwellings, including apartments, has been falling since June 2007, and has fallen 48 percent since then.

Graph, New dwellings authorised including apartment units.  ---PDF BREAK---

For the year ended November 2008 compared with the previous November year, the authorised number of:

  • new dwellings, including apartments, fell 26 percent to 19,068 units (this is the lowest annual total since the April 1994 year)
  • new dwellings, excluding apartments, fell 29 percent to 16,682
  • apartments rose 0.8 percent to 2,386 units.

Graph, New dwellings authorised all regions.

The value of residential building consents was $454 million in November 2008, a 35 percent decrease compared with November 2007. The trend indicates the value has fallen 38 percent since the peak in June 2007, and is at its lowest level since May 2002.

Graph, Value of residential buildings authorised including alterations and additions.

For the year ended November 2008, residential building consents valued at $6,338 million were issued, a 19 percent decrease from the November 2007 year.

Regional residential results

In 14 of New Zealand's 16 regions, fewer new dwelling units were authorised in November 2008 than in November 2007; more new dwellings were authorised in Tasman (up 5) and West Coast (up 1). Numbers fell by 728 units (48 percent) in the North Island and by 293 units (44 percent) in the South Island.

The largest regional decreases were:

  • Auckland, down 189 units (37 percent)
  • Canterbury, down 181 units (49 percent)
  • Waikato, down 138 units (45 percent).

Despite the decreases, these three regions contributed the highest number of new dwellings authorised, with 325, 189 and 167 units, respectively.

Graph, New dwellings authorised by regions.

Non-residential buildings

The value of non-residential building consents was $398 million in November 2008, a decrease of 0.8 percent compared with November 2007. Four of the 11 building types recorded decreases in the value of consents compared with November 2007.

For November 2008 compared with November 2007, the largest decreases were:

  • hospitals and nursing homes, down $57 million from a high value in November 2007
  • shops, restaurants and taverns, down $15 million.

These decreases were partly offset by increases for offices and administration buildings, up $28 million, and both factories and industrial buildings, and storage buildings, each up $19 million.

Graph, Value of non-residential buildings authorised.

The two largest contributors to the value of consents authorised in November 2008 were offices and administration buildings, at 26 percent, followed by factories and industrial buildings, at 14 percent.

For the year ended November 2008, non-residential building consents valued at $4,472 million were issued, an increase of 6.5 percent from the November 2007 year.

All buildings

In November 2008, the value of consents issued for all buildings was $852 million, a decrease of 22 percent compared with November 2007.

Residential buildings contributed 53 percent to the total value of all buildings in November 2008, while non-residential buildings contributed 47 percent. For the previous 12 months, the average monthly contribution of residential buildings was 59 percent.

 Graph, Monthly values including alterations and additions.    Graph, Annual values including alterations and additions.

For the year ended November 2008, the total value of consents issued for all buildings was $10,810 million, down $1,190 million (9.9 percent) from the November 2007 year. For the latest year, the value of consents issued for residential buildings fell $1,462 million (19 percent), while the value for non-residential buildings rose $272 million (6.5 percent).

 

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

Next release ...

Building Consents Issued: December 2008 will be released on 30 January 2009.

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