Published 31 March 2012
Consents for new homes continued the upward trend in February, with 1204 for the month and back over the 14,000 level for the year.
After the average number of consents for new homes got down to a 30-year low – 1000/month for the 7 months to last June – the average over the last 8 months has climbed to 1250.
The intensive sectors (apartments & retirement village units) have gone 16% ahead for the year to 1237, but it’s retirement units that have been holding these numbers up. In January 174 of the 198 consents were for retirement village units in Canterbury, and in February all 62 consents were for retirement village units.
Statistics NZ said yesterday consents were up in 11 of New Zealand’s 16 regions in February, compared to a year earlier, led by Canterbury, where 260 consents were issued this February, up 112 from the month of the big earthquake a year earlier.
Quake-related consents this February were worth $41 million – $30 million for non-residential work, $11 million for residential (27 houses).
Home additions (alterations, additions & outbuildings) have dipped in the past year, down by 8% ($83 million) for alterations & additions, which took that segment of the market below $1 billion (to $945 million).
Consents for the whole residential sector rose by 16% ($65 million) compared to a year earlier, to $451 million in February. On annual basis, residential consents were worth $5.064 billion, still $344 million behind the previous year.
Auckland consents for new homes rose from 295 to 313, Northland from 42 to 79, Waikato from 107 to 117, Bay of Plenty from 59 to 70, Wellington from 82 to 99, the 3 regions at the top of the South Island from 43 to 75, Canterbury from 148 to 260.
Around Auckland (still on the old council boundaries), Rodney rose from 39 to 65, North Shore from 36 to 40, Waitakere 35 to 41, Papakura 16 to 17, Franklin 9 to 12, while Auckland City fell from 111 to 91 and Manukau from 49 to 47.
Consents for non-residential buildings were up 46% to $375 million ($257 million a year earlier) but were just 1% ($39 million) ahead for the year at $3.76 billion. Consents for non-building construction were down 33% for the month to $35 million, and down 17% for the year to $356 million.
Across all sectors, consents were up 23.5% for the month to $861 million, but down 4% $380 million) for the year to $9.2 billion.
Bob Dey report