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Building Consents Issued: January 2017
Embargoed until 10:45am  –  06 March 2017
Commentary

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

Dwellings trend continues to decrease

The trend for the number of new dwellings consented has fallen 15 percent since August 2016, when it reached a 12-year high.

Graph, Trend for new dwellings consented, monthly, January 2001 to January 2017.

The trends for all six regional areas are showing signs of easing or decreasing.

However, these regional trends are quite volatile, and are revised each month. Most regional areas are still near their highest level since before the global financial crisis in 2008.

In Canterbury, the trend has fallen 36 percent since the series peak in late 2014 as the post-earthquake residential rebuild slowly winds down. However, the trend is still at a historically high level.

Graph, Trend for new dwellings consented, by region, monthly, January 2001 to January 2017.

New dwellings up slightly in January

The seasonally adjusted number of new dwellings consented rose 0.8 percent in January 2017. A 5.0 percent decrease for houses was offset by strength for apartments and townhouses (which are not seasonally adjusted).

However, this small rise followed large falls of 7.9 percent in December and 8.9 percent in November.

In actual terms, 1,752 new dwellings were consented in January 2017 (up 3.4 percent from January 2016):

  • 1,253 houses
  • 285 townhouses, flats, and units
  • 116 apartments
  • 98 retirement village units.

The regions consenting the most new dwellings were:

  • Auckland – 512 (up 1.2 percent from January 2016)
  • Canterbury – 348 (up 20 percent)
  • Waikato – 201 (down 23 percent).

Graph, New dwellings consented, by region, January month, 2015 to 2017.

Over 30,000 new dwellings consented annually

In the year ended January 2017, 30,123 new dwellings were consented – the most for a January year since 2005. However, this is still well below the all-time high of 40,004 new dwellings consented in the year ended January 1974.

In the January 2017 year, Auckland consented 10,032 new dwellings – also the most for a January year since 2005.

Graph, New dwellings consented, year ended January 1967 to 2017.

Consents for all buildings total $1.1 billion in January

Including alterations, consents for all buildings totalled $1.1 billion in January 2017:

  • $748 million for residential buildings
  • $338 million for non-residential buildings.

In the year ended January 2017, consents for all buildings totalled $18.6 billion (up 12 percent from the January 2016 year):

  • $12.5 billion for residential buildings (up 18 percent)
  • $6.0 billion for non-residential buildings (up 2.9 percent).

Graph, Value of buildings consented, including alterations and additions, year ended January, 2013 to 2017.

Find data tables

For more detailed data, see the Excel tables in the 'Downloads' box.

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