Dwelling consents, excluding those for apartments, rose to an 18-month high in November, as the recovery continued from a painful slump in home building.Figures from Statistics New Zealand (SNZ) today show 1458 dwellings were authorised in November, not i
Dwelling consents, excluding those for apartments, rose to an 18-month high in November, as the recovery continued from a painful slump in home building.
Figures from Statistics New Zealand (SNZ) today show 1458 dwellings were authorised in November, not including apartments, the highest since May 2008.
Because the 42 apartments authorised in November was comparatively low, the overall figure of 1500 dwelling consents for November was only the highest since September 2008.
SNZ said that on a seasonally adjusted basis, the number of new dwellings authorised, excluding apartments, rose 3.1 percent in November, after rising 11 percent in October.
Including apartments, the seasonally adjusted number of new dwellings authorised in November was up 1.2 percent, after rising 11 percent in October.
The value of residential building consents was $537 million in November, 18 percent higher than a year earlier.
Non-residential building consents in November were worth $389m, down 2.3 percent from a year earlier. Storage buildings were down $39m and farm buildings down $22m, while hospitals and nursing homes were up $88m, mainly due to consents for several hospital projects.
For all buildings, the value of consents in November was $926m, up 8.7 percent from November 2008.
In the year to November the total value of consents issued for all buildings was $9.57 billion, down $1.24b or 11 percent from a year earlier. Residential building consents fell $1.28b or 20 percent to $5.06b, while the value of non-residential consents gained $33m or 0.7 percent to $4.51b.
