Consents up in Auckland, down in Canterbury
Building consents were slightly up in Auckland but down in earthquake-ravaged Canterbury.
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The number of building consents rose slightly in October but the value was about the same as the same month last year.
Most of the increase was in the North Island and particularly, Auckland.
In the North Island, 888 new dwellings were approved in October 2011, up 159 (22%) compared with October 2010. Most of this increase was in Auckland, up 128 (46%).
However, in the South Island the number of approved new dwellings dropped in number by 44 (11%) to 350.
By value, residential building consents roseoverall by $45 million (11%) to $460 million compared with October 2010.
“The value trend shows a rise since April 2011, which was a nine-year low-point,” Statistics NZ said.
On a monthly comparison, October consents were up 11% from September’s sharp fall.
When apartments are excluded the rise was 7% on the previous month.
“These increases follow substantial decreases in September which reversed most of the increases of July and August,” Statistics NZ said.
The slow rising trend follows some of the lowest levels of new dwellings recorded in decades.
In Canterbury, building consents identified as being earthquake-related totalled $26 million in October 2011, compared with $29 million in September and $20 million in August. Of the $26 million recorded for October, $19 million was for non-residential work, while $7 million was for residential work including 13 new dwellings.
Since September 4, 2010, about 735 earthquake-related consents have been identified, totalling $183 million. This includes 207 new dwellings, of which 145 were relocatable units.
Chris Hutching
Wed, 30 Nov 2011
Wed, 30 Nov 2011
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Consents up in Auckland, down in Canterbury
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