Building Consents Increasing

Building consents up 33% in April from year ago, boosted by retirement village units;
General trend steadily rising over past year, Stats NZ says

May 30, 2012 Alex Tarrant

The number of building consents issued for new dwellings in April was 33% higher than the same month a year ago, boosted by apartment building for retirement villages, figures released by Statistics New Zealand show.

There were consents issued for 1,230 new dwellings, including apartments, in April, up 33% from April 2011. Excluding apartments, there were 1,092 consents issued for houses, which was up 22% from a year ago.

Of the 138 apartments consented in April, 88 were for retirement village units.

Seasonally adjusted figures showed a 7.2% fall in consents issued in April from March, but this followed a 19.6% rise in March.

“There has been a big increase in the number of consents for apartments this April compared with the same month last year,” industry and labour statistics manager Blair Cardno said.

link:

http://www.interest.co.nz/property/59570/building-consents-33-april-year-ago-boosted-retirement-village-units-general-trend-st

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