Building consent numbers have fallen for a fourth consecutive month if apartments are excluded, dropping a seasonally adjusted 1.1 percent in October, Statistics New Zealand (SNZ) says.The unadjusted 1099 new dwelling units, excluding apartments, approved
Building consent numbers have fallen for a fourth consecutive month if apartments are excluded, dropping a seasonally adjusted 1.1 percent in October, Statistics New Zealand (SNZ) says.
The unadjusted 1099 new dwelling units, excluding apartments, approved last month were 17 percent lower than a year earlier, while the 24 new apartment units were 77 percent lower.
When apartments are included, building consents fell a seasonally adjusted 2 percent in October after a 0.2 percent rise in September.
The value of residential building consents was $415 million in October, down 14 percent from a year earlier, SNZ said today.
The value of non-residential building consents was $272m last month, down 17 percent from October 2009. The value of consents issued for all buildings was $687m, down 15 percent from a year earlier.
For the year to October, the value of residential consents was up $743m, or 15 percent, from the year before to $5.72 billion, while that for non-residential buildings fell $768m, or 17 percent, to $3.75b. For all buildings the value was down $25m to $9.47b.
