Building consents continue to climb during past year

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Some 30,453 new houses, apartments, townhouses, and flats were consented in the year ended June 2017, up 4.7 per cent on the previous 12 months.

“Annual new home numbers are nearing those last seen in 2004, although they remain well below the all-time peak of the mid-1970s when consents reached about 39,000 a year,” Statistics NZ Prices, Accommodation, and Construction Senior Manager Jason Attewell reveals.

One-third (10,364) of all new homes consented across the country were in Auckland in the June 2017 year.

“Auckland accounted for three-quarters of national new apartment units and nearly half of all townhouses, flats, and units,” Attewell notes.

Auckland’s increases in these home types were partly offset by a fall in the number of new stand-alone houses in Auckland in the latest year.

New home consents rose significantly in Otago (up 28 per cent), and Wellington (up 20 per cent) regions in the June 2017 year, but fell 20 per cent in Canterbury to 5,180.

New home consents issued in Canterbury have been falling for the last two years, as they come off the post-2011 earthquake residential rebuild peak of almost 7,000 in the June 2015 year.

The number of new retirement village units consented in the June 2017 year fell significantly in Canterbury and Wellington regions, leading to a national drop of 25 percent, to 1,651 units.

This fall is from a series high of 2,206 new retirement village units consented in the June 2016 year.

In the June 2017 month, new home consents decreased slightly, down a seasonally adjusted 1.0 percent, following a 6.9 per cent increase in May 2017.

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