Building consents for new homes fell in September 2017, following a recent run of increases, Statistics New Zealand reported yesterday
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by Paolo Taruc
Building consent for new homes ended a four-month growth streak in September after its seasonally adjusted rate fell 2.3%, according to recent figures from Statistics New Zealand.
Statistics New Zealand Senior Manager Jason Attewell said the trend remains on an upward trajectory, as home consents are at a level last seen in 2004.
Some 2,770 new homes were consented in September 2017, up 6.0% compared to the same period last year. A “large fall” in Canterbury failed to stem annualised growth nationwide during the nine months ending September, as the period saw 30,892 new home consents – about 3.0% higher than in 2016.
Statistics New Zealand said the national increase was spurred by townhouses and apartments, with slight falls for retirement village units and houses.
Auckland saw the highest number of new home consents at 10,317, up 2.9% over September 2016. Canterbury stood at second with 5,122 new homes. The government office said the figure is down 18% as the post-quake rebuild continues to wind down, but still at a historically high level. Meanwhile, Waikato placed third 3,596 new homes (up 1.7%).
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Home consents highest since 2004
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Building consent for new homes ended a four-month growth streak in September after its seasonally adjusted rate fell 2.3%, according to recent figures from Statistics New Zealand.
Statistics New Zealand Senior Manager Jason Attewell said the trend remains on an upward trajectory, as home consents are at a level last seen in 2004.
Some 2,770 new homes were consented in September 2017, up 6.0% compared to the same period last year. A “large fall” in Canterbury failed to stem annualised growth nationwide during the nine months ending September, as the period saw 30,892 new home consents – about 3.0% higher than in 2016.
Statistics New Zealand said the national increase was spurred by townhouses and apartments, with slight falls for retirement village units and houses.
Auckland saw the highest number of new home consents at 10,317, up 2.9% over September 2016. Canterbury stood at second with 5,122 new homes. The government office said the figure is down 18% as the post-quake rebuild continues to wind down, but still at a historically high level. Meanwhile, Waikato placed third 3,596 new homes (up 1.7%).
Related stories:
Home consents highest since 2004
Record apartment supply due for completion
