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Building Consents Issued: October 2015
Embargoed until 10:45am  –  30 November 2015
Commentary

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

New dwelling consents up in October

In October 2015, building consents were issued for 2,349 new dwellings, comprising:

  • 1,732 houses
  • 244 apartments
  • 177 retirement village units
  • 196 townhouses, flats, and units.

The seasonally adjusted number of new dwellings rose 5.1 percent, but was still down from the 20 percent surge in July.

For houses only, the seasonally adjusted number fell 0.2 percent.

National dwellings trend increases

The trend for the number of new dwellings consented is at its highest level since July 2004.

For houses only, the trend has more than recovered from recent falls, and is at its highest level since September 2007.

Graph, Trend for new dwellings consented, monthly, January 2001 to October 2015.

Auckland dwellings trend approaches 11-year high

The trend for the number of new dwellings consented in Auckland is at its highest level since December 2004. This is partly due to an increase in consents for new apartments.

The trend for the Wellington region is showing signs of decreasing.

The trends for Waikato and the rest of the North Island appear to be increasing, driven by consents for new houses in the Waikato, Bay of Plenty, and Northland regions.

The trend for Canterbury shows little change for most of this year, and is down about 10 percent from the series peak in August 2014. The trend is still almost twice as high as the series average prior to the earthquake sequence that began in 2010.

The trend for the rest of the South Island appears to be increasing.

Note: Trend movements, particularly for recent months, may be revised when future months are added to the series.

Graph, Trend for new dwellings consented, by region, monthly, September 2008 to October 2015.

In October 2015, eight of the 16 regions consented more new dwellings than in October 2014.

The regions with the largest increases were:

  • Auckland – up 214, to 805
  • Bay of Plenty – up 85, to 205
  • Waikato – up 65, to 259.

The region with the largest decrease was Canterbury – down 197, to 489.

Non-residential consents valued at $479 million in October

The value of non-residential building work consented in October 2015 was $479 million, up $22 million (4.9 percent) compared with the same month in 2014.

The non-residential building types with the highest total consent values were:

  • office, administration, and public transport buildings – $126 million
  • education buildings – $86 million
  • shops, restaurants, and bars – $66 million.

Graph, Value of non-residential buildings consented, by building type (including alterations and additions), October month, 2013 to 2015.

The regions that consented the most non-residential building work were:

  • Auckland – $174 million
  • Canterbury – $88 million
  • Otago – $55 million.

Canterbury earthquake-related consents total $3.3 billion

Since September 2010, $3.3 billion of Canterbury's building consents have been identified as earthquake-related. This includes consents for 3,984 new dwellings.

Not all earthquake-related consents can be identified. For comparison, total figures for Canterbury from September 2010 to October 2015 were:

  • $15.2 billion of building consents
  • 25,724 new dwellings consented.

In October 2015, the value of consents identified as earthquake-related in Canterbury was $39 million (of a total of $276 million for Canterbury). This included 67 new dwellings (of a total of 489).

See more about earthquake-related building consents in Canterbury.

Graph, Value of building consents in Canterbury, including alterations, additions, and non-building construction, monthly, September 2008 to October 2015.

Consents for all buildings total $1.4 billion in October

The total value of building work consented in October 2015 was $1.4 billion – comprising $898 million of residential work, and $479 million of non-residential work.

For the year ended October 2015, compared with the October 2014 year, the value of building consents increased for:

  • all buildings – up $1.6 billion (11 percent) to $16 billion
  • residential buildings – up $829 million (8.9 percent) to $10 billion
  • non-residential buildings – up $765 million (16 percent) to $5.7 billion.

Graph, Value of buildings consented, including alterations and additions, year ended October 2011 to 2015.

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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