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Housing consent numbers continue to decline
Embargoed until 10:45am  –  28 November 2008

Building Consents Issued: October 2008  –  Media Release

Building consent statistics show there were 1,173 new housing units authorised in October 2008, Statistics New Zealand said today. This is the lowest monthly total since January 1992.

In October 2008, the seasonally adjusted number of authorised new housing units excluding apartments fell 7.1 percent compared with September 2008.

There were 50 apartment units authorised in October 2008. This is the lowest monthly total since April 2000, apart from March 2008 when there were also 50 apartment units authorised.

For the year ended October 2008, the value of consents issued for residential buildings fell $1,192 million (15 percent), while the value for non-residential buildings rose $301 million (7.2 percent), compared with the year ended October 2007.

Dallas Welch (Mrs) 28 November 2008
Acting Government Statistician

END

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