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Building Consents Issued: October 2014
Embargoed until 10:45am  –  28 November 2014
Commentary

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

Dwelling consent trends are decreasing

In October 2014, 2,152 new dwellings were consented, comprising:

  • 179 apartments, including 39 retirement village units
  • 1,973 non-apartment dwellings.

Including apartments, the seasonally adjusted number of new dwellings increased by 8.8 percent after decreasing 12 percent in September.

Excluding apartments, the seasonally adjusted number of new dwellings increased by 13 percent, following an 11 percent decrease in September.

The trend for the number of new dwellings, including apartments, was recently at its highest level since August 2007, but is now decreasing. The trend is up 89 percent from the series minimum in March 2011, but is still 31 percent below the series peak in January 2004.

Excluding apartments, the trend for the number of new dwellings was recently at its highest level since November 2007, but has now decreased slightly. The trend is up 85 percent from the most-recent low point in March 2011, but is still 21 percent below the series peak in September 2003.

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

Number of consented dwellings up in ten of the 16 regions

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

The regions with the largest movements were:

  • Auckland – up 115, to 591 (including 67 more apartments)
  • Canterbury – up 114, to 686 (including 34 more apartments)
  • Wellington – down 61, to 108 (including 61 fewer apartments).

Apartment numbers usually fluctuate from month to month.

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

Non-residential consents valued at $456 million in October

The value of non-residential building work consented in October 2014 was $456 million. The regions that contributed the most to this value were:

  • Auckland – $139 million
  • Canterbury – $121 million (including $93 million in Christchurch city)
  • Bay of Plenty – $45 million (including $18 million in Whakatane district).

The building types with the highest total consent values were:

  • offices and administration buildings – $105 million
  • shops, restaurants, and taverns – $82 million
  • education buildings – $66 million.

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

Canterbury earthquake-related consents total over $2.3 billion

Since 4 September 2010, $2,327 million of building consents have been identified as earthquake-related. This includes consents for 2,646 new dwellings.

Not all earthquake-related consents can be identified. For comparison, total figures for Canterbury from September 2010 to October 2014 were:

  • $10,753 million of building consents
  • 18,914 new dwellings consented.

Graph, Value of building consents in Canterbury, including alterations, additions, and non-building construction, monthly, September 2007 to October 2014.

In October 2014, the value of consents identified as earthquake-related in Canterbury was $82 million (of a total of $391 million for Canterbury). This included:

  • 141 new dwellings (of a total of 686)
  • $70 million for residential building work (of $250 million)
  • $12 million for non-residential building work (of $121 million).

See more about earthquake-related building consents in Canterbury

Consents for all buildings total over $1.3 billion in October

The total value of building work consented in October 2014 was $1,333 million – comprising $877 million of residential work, and $456 million of non-residential work.

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

  • all buildings – up $2.4 billion (20 percent) to $14.2 billion
  • residential buildings – up $1.8 billion (24 percent) to $9.3 billion
  • non-residential buildings – up $0.6 billion (15 percent) to $4.9 billion.

Graph, Value of buildings consented, including alterations and addtions, year ended October 2010 to 2014.

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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