Housing approvals rise
An increase in housing approvals is sign of a positive swing in a longer-term trend, Statistics New Zealand said.
An increase in housing approvals is sign of a positive swing in a longer-term trend, Statistics New Zealand said.
Housing approvals rose in July after adjusting for seasonal effects. Excluding apartment numbers, which experience a lot of variation each month, the number of new homes given building consents rose 6.3 per cent from June. To include apartments it would put the figure at a 13 per cent rise.
Industry and labour statistics manager Kathy Connolly said it’s enough to confirm a trend and indicates February was the low point in the number of homes being approved.
In Canterbury, earthquake-related building consents totalled $32 million in July 2011, compared with $14 million in June and $28 million in May.
Comparing July this year to July last year, residential consent values fell 14 per cent to $420 million. Non-residential consents values rose 17 per cent to $343 million, led by a $105 million consent for work on Middlemore hospital in Auckland.
Nicola Williams
Tue, 30 Aug 2011
Tue, 30 Aug 2011
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Housing approvals rise
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