The fall was driven by fluctuating apartment and townhouse consents, according to Statistics NZ
The seasonally adjusted number of new homes consented fell 0.7% in July, following a 1.3% fall in June, according to the latest report from Statistics New Zealand.
“July’s fall was driven by the number of consented apartments, townhouses, and retirement units, which fluctuates from month to month,” Statistics NZ construction statistics manager Melissa McKenzie said.
“The fall for multi-unit dwellings was partly offset by an increase for stand-alone houses.”
In July, the seasonally adjusted number of stand-alone houses consented rose by 8.5%, more than reversing a 4.0% fall in June.
There were a total of 2,762 new homes consented, down 1.7% from a month ago, including 1,900 houses (up 7.9% from a year ago), 367 apartments (down 14%), 350 townhouses, flats, and units (down 20%), and 145 retirement village units (down 23%).
According to Statistics NZ, the Auckland region recorded the largest fall for the reporting year, with 313 fewer new homes consented compared from a year ago (down 29% to 774 new homes consented).
The fall was driven by decreases in the volatile apartment and townhouse categories – almost half the homes consented are in multi-unit projects. On average, the region currently consents over 800 new homes a month.
Driven by a spike for apartments in Queenstown, the Otago region registered the largest rise with 114 more homes consented, up 68% to 282 from a year ago.
There were 30,404 new homes were consented nationally, including 10,051 in Auckland for the year ended in July, Statistics NZ said.
Related stories:
New property listings register sharp fall in July
Home consents jump almost 5%
“July’s fall was driven by the number of consented apartments, townhouses, and retirement units, which fluctuates from month to month,” Statistics NZ construction statistics manager Melissa McKenzie said.
“The fall for multi-unit dwellings was partly offset by an increase for stand-alone houses.”
In July, the seasonally adjusted number of stand-alone houses consented rose by 8.5%, more than reversing a 4.0% fall in June.
There were a total of 2,762 new homes consented, down 1.7% from a month ago, including 1,900 houses (up 7.9% from a year ago), 367 apartments (down 14%), 350 townhouses, flats, and units (down 20%), and 145 retirement village units (down 23%).
According to Statistics NZ, the Auckland region recorded the largest fall for the reporting year, with 313 fewer new homes consented compared from a year ago (down 29% to 774 new homes consented).
The fall was driven by decreases in the volatile apartment and townhouse categories – almost half the homes consented are in multi-unit projects. On average, the region currently consents over 800 new homes a month.
Driven by a spike for apartments in Queenstown, the Otago region registered the largest rise with 114 more homes consented, up 68% to 282 from a year ago.
There were 30,404 new homes were consented nationally, including 10,051 in Auckland for the year ended in July, Statistics NZ said.
Related stories:
New property listings register sharp fall in July
Home consents jump almost 5%
