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Building Consents Issued: June 2014
Embargoed until 10:45am  –  30 July 2014
Commentary

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

Number of consented dwellings rises in June

In June 2014, a total of 1,950 new dwellings were consented. This consisted of:

  • 197 apartments, including 61 retirement village units
  • 1,753 non-apartment dwellings.

Including apartments, the seasonally adjusted number of new dwellings consented rose 3.5 percent.

Excluding apartments, the seasonally adjusted number of new dwellings consented rose 2.9 percent.

The trend for the number of new dwellings, including apartments, has more than doubled since the series minimum in March 2011. The trend is at its highest level since August 2007, but is still 26 percent below the series peak in January 2004.

Excluding apartments, the trend is up 88 percent from the most-recent low point in March 2011. It is now at its highest level since November 2007, but is 20 percent below the series peak in September 2003.

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

Number of consented dwellings up in 9 of the 16 regions

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

The regions with the largest increases were:

  • Canterbury – up 254, to 623
  • Waikato – up 79, to 218
  • Auckland – up 48, to 553.

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

Non-residential consents valued at $490 million in June month

The value of non-residential building work consented in June 2014 was $490 million. This is the second-highest ever value, but is not adjusted for inflation. The highest ever value was $530 million in April 2009.

The territorial authorities that contributed the most to the value of non-residential building work consented in June 2014 were:

  • Auckland city – $171 million
  • Christchurch city – $165 million
  • Hamilton city – $18 million.

The value of hospitals and nursing homes was $60 million higher in June 2014 than June 2013. This increase was driven by a consent for a hospital in Christchurch.

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

Non-residential consents rise 13 percent in June quarter

The seasonally adjusted value of consented non-residential building work rose 13 percent in the June 2014 quarter.

The quarterly trend for the value of consented non-residential building work is at its highest ever level, up 53 percent from the seven-year low in June 2011. However, this trend is not adjusted for inflation.

Graph, Value of non-residential buildings consented, including alterations and additions, quarterly, June 2007 to June 2014.

Canterbury earthquake-related consents total $1.9 billion

Since 4 September 2010, $1,946 million of building consents have been identified as earthquake-related. This includes consents for 2,088 new dwellings.

Not all earthquake-related consents can be identified. For comparison, the total value of building consents in Canterbury from September 2010 to June 2014 is $9,226 million. The total number of new dwellings consented in Canterbury over this period is 16,500.

For the month of June 2014, the value of building consents identified as earthquake-related in Canterbury was $102 million (of a total of $418 million for Canterbury in June). This included:

  • 137 new dwellings (of a total of 623)
  • $72 million for residential building work (of $235 million)
  • $29 million for non-residential building work (of $181 million).

See more about earthquake-related building consents in Canterbury

Consents for all buildings total almost $1.3 billion in June

The total value of building work consented in June 2014 was $1,262 million – comprising $772 million of residential work, and $490 million of non-residential work.

Graph, Value of buildings consented, including alterations and additions, y ear ended June 2010 to 2014.

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

  • all buildings – up $2.3 billion (21 percent) to $13.4 billion
  • residential buildings – up $1.9 billion (27 percent) to $8.8 billion
  • non-residential buildings – up $0.5 billion (11 percent) to $4.6 billion.

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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