Seasonally adjusted housing consents, excluding apartments, rose in February to the highest level since May 2008, Statistics New Zealand (SNZ) says.Figures out today show a 10 percent rise in the adjusted, apartments-excluded, figure in February, with the
Seasonally adjusted housing consents, excluding apartments, rose in February to the highest level since May 2008, Statistics New Zealand (SNZ) says.
Figures out today show a 10 percent rise in the adjusted, apartments-excluded, figure in February, with the increase a lower 5.9 percent when the volatile apartment category is included.
Unadjusted figures show 1362 consents, excluding apartments, issued in February, up 57.3 percent from a year earlier. Only 13 new apartment units were authorised, the lowest monthly number since July 1995.
The 1375 total dwelling unit consents issued in February is up 29.8 percent from a year earlier.
When apartments are excluded, seasonally adjusted dwelling consent numbers have risen for all but two of the past 12 months, after falling for 10 straight months.
The value of residential building consents in February was $484 million, up 35 percent from February 2009. For non-residential buildings, the value of consents fell 17 percent to $317m, SNZ said.
The value of consents for all buildings was up 8.2 percent from a year earlier to $801m in February.
For the year ended February, the total value of consents issued for residential buildings was $5.3 billion, down $471m or 8.2 percent from the previous year.
Non-residential consents for the year were worth $4.32b, down $266m or 5.8 percent, while for all building consents the value was $9.62b, down $737m or 7.1 percent.
