New dwelling authorisations surged in April, with the seasonally adjusted number excluding apartments rising 15.5 percent to its highest level in two years.Statistics New Zealand (SNZ) today said consents were issued for 1400 new dwelling units last month
New dwelling authorisations surged in April, with the seasonally adjusted number excluding apartments rising 15.5 percent to its highest level in two years.
Statistics New Zealand (SNZ) today said consents were issued for 1400 new dwelling units last month, of which 91 were apartments.
Including apartments, the seasonally adjusted number of new dwellings authorised last month was up 8.5 percent from March. In March it had lifted just 0.1 percent.
The 15.5 percent rise in the apartments-excluded figure in April followed a fall of 8.6 percent in March.
The 1400 new units were 38.8 percent higher than a year earlier, and the 1309 units excluding apartments up 61.6 percent.
Residential building approved last month was worth $480 million, 35 percent higher than a year earlier.
The value of non-residential building consents was $327m, 38 percent down on the figure for April 2009, which had the highest value on record and was boosted by development at Christchurch Airport, SNZ said.
For all buildings, the April value was $807m, 8.8 percent lower than a year before.
For the year to April, the value of consents issued for all buildings was 2.9 percent lower than a year before at $9.7 billion, with the value of residential buildings up 3.7 percent to $5.5b and non-residential buildings down 11 percent to $4.1b.
