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Building Consents Issued: February 2009
Embargoed until 10:45am  –  30 March 2009
Commentary

Residential buildings

In February 2009, consents were issued for:

  • 1,059 new dwelling units, including apartment units
  • 866 new dwellings, excluding apartments
  • 193 new apartments.

Apartments contributed 18 percent to the number of new dwellings authorised in February 2009, compared with a monthly average of 11 percent for the previous 12 months.

Graph, New Dwellings Authorised.

The seasonally adjusted number of new dwellings authorised, including apartments, rose 12 percent in February 2009, after falling 13 percent in January. Excluding apartments, the seasonally adjusted number rose 0.3 percent in February 2009, but remains at a low level.

The trends for the number of authorised new dwellings, both including and excluding apartments, have fallen more than 50 percent since their recent peaks, both in June 2007.

The value of residential building consents was $358 million in February 2009, a 42 percent decrease compared with February 2008. The trend indicates that the value has fallen more than 40 percent since the peak in June 2007.

Graph, Value od Residental Buildings Authorised.
For the year ended February 2009, residential building consents valued at $5,766 million were issued, a 26 percent decrease from the February 2008 year.

Regional residential results

In 13 of New Zealand's 16 regions, fewer new dwelling units were authorised in February 2009 than in February 2008. Numbers fell by 572 units (43 percent) in the North Island, and by 242 units (45 percent) in the South Island.

The highest regional numbers of new dwellings authorised for February 2009 were:

  • Auckland, with 220 units, down 59 percent
  • Wellington, with 215 units, up 39 percent (including 137 apartment units)
  • Canterbury, with 147 units, down 51 percent
  • Waikato, with 126 units, down 44 percent.

Graph, New Dwellings Authorised.

Non-residential buildings

The value of non-residential building consents was $382 million in February 2009, an increase of 5.9 percent compared with February 2008. Six of the 11 building types recorded increases.

The largest changes for February 2009 compared with February 2008 were:

  • hostels and boarding houses, up $41 million
  • social, cultural and religious buildings, up $31 million
  • hospitals and nursing homes, down $30 million.

Graph, Value od Non- Residental Buildings Authorised.

The three largest contributors to the value of consents authorised in February 2009 were:

  • social, cultural and religious buildings, at $69 million (with one consent contributing just over 80 percent to this amount)
  • offices and administration buildings, at $63 million
  • factories and industrial buildings, at $55 million.

All buildings

In February 2009, the value of consents issued for all buildings was $740 million, a decrease of 24 percent compared with February 2008.

In February 2009, the value of consents issued for residential buildings ($358 million) was below the value of consents issued for non-residential buildings ($382 million). This also occurred in January 2009 and before that in June 1998. In the 12 months before February 2009, the average monthly contribution of residential buildings to the value of all buildings was 57 percent.

 Graph, New Dwellings Authorised.  Graph, Value od Non- Residental Buildings Authorised.

For the year ended February 2009 compared with the February 2008 year, the total value of consents issued for:

  • all buildings was $10,358 million, down $1,794 million (15 percent)
  • residential buildings was $5,766 million, down $2,035 million (26 percent)
  • non-residential buildings was $4,592 million, up $241 million (5.5 percent).

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

 

Next release ...

Building Consents Issued: March 2009 will be released on 30 April 2009.

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