The latest Statistics New Zealand research shows the number of residential buildings issued with consent in January rose, but only by less than 1%, if apartment consents aren't counted.If “volatile” apartments are counted, the grim statistics
The latest Statistics New Zealand research shows the number of residential buildings issued with consent in January rose, but only by less than 1%, if apartment consents aren’t counted.
If “volatile” apartments are counted, the grim statistics state that the total number of consents issued fell by 2.8%, with 1000 new homes and 42 apartments granted consent.
In December, the number of consents issued fell by 3.9%.
The value of residential building consents issued in January rose by 15% to $380 million, with a 31% increase to 244 units in Auckland, a 61% increase to 180 in Canterbury and 80% to 72 units in Northland.
Consents in other areas including Wellington, Marlborough, Otago and Gisborne fell.
Consents for commercial properties sank 39% to $223 million, the lowest seen since April 2006.
Consents for office buildings were down $68 million from the same time last year, while bar and restaurant consents fell $28 million. Social, cultural and religious building consents rose $10 million.
