New Zealand Building Consents Decline 1.5% On Month

The total number of building consents issued in New Zealand fell a seasonally adjusted 1.5 percent on month in September, Statistics New Zealand said on Wednesday – following a 6.8 percent rise in August and a 9.7 percent drop in July.

In the year ended September 2018, the actual number of new dwellings consented was 32,548, up 5.4 percent from the September 2017 year.

The annual value of non-residential building work consented was NZ$6.7 billion, up 4.9 percent from the September 2017 year.

In September 2018, 2,559 new dwellings were consented: including 1,673 stand-alone houses, 506 townhouses, flats, and units, 215 apartments and 165 retirement village units.

The seasonally adjusted number of new dwellings consented fell 1.5 percent compared with August 2018, following a 6.8 percent rise in August, and a 9.7 percent fall in July.

For stand-alone houses only, the seasonally adjusted number rose 0.9 percent, after little change in August (up 0.2 percent), and a 5.9 percent fall in July.

In the year ended September 2018, 32,548 new dwellings were consented nationally, up 5.4 percent from the September 2017 year.

The numbers of new homes consented across New Zealand in the latest year were: 12,945 in Auckland – up 25 percent; 3,517 in Waikato – down 2.2 percent; 2,604 in Wellington – up 13 percent; 5,471 in Rest of North Island – down 9.9 percent; 4,629 in Canterbury – down 9.6 percent; and 3,378 in Rest of South Island – down 2.7 percent.

In the year ended September 2018, non-residential building consents totaled NZ$6.7 billion, up 4.9 percent from the September 2017 year. This rise can be influenced by both volume and price changes. Non-residential construction prices rose 4.3 percent in the June 2018 year, as measured by the capital goods price index.

In the September 2018 year, the non-residential building types with the highest values were: education buildings – NZ$1.1 billion, up 16 percent from the September 2017 year; shops, restaurants, and bars – NZ$1.0 billion, up 27 percent; and office, administration, and public transport buildings – NZ$917 million, down 32 percent.

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