New dwelling consents decreased in February

MIL OSI – Source: Statistics New Zealand – New dwelling consents decreased in February The number of new dwellings consented was 0.6 percent lower in February 2015 than in February 2014, Statistics New Zealand said today. “The trend for new dwellings has more than doubled since March 2011,” business indicators manager Neil Kelly said. “But it is now showing signs of decreasing after generally increasing for almost four years.” The seasonally adjusted number of new dwellings consented decreased 6.3 percent in February 2015. Excluding apartments, this number fell 1.4 percent. A total of 1,758 new dwellings were consented in February 2015 (including 160 apartments). The regions that consented the most new dwellings were:

• Auckland – 528 (including 98 apartments)
• Canterbury – 517 (including 62 apartments)
• Waikato – 195.

The unadjusted value of consents for February 2015, compared with February 2014, was:

• all buildings – up $136 million (12 percent) to $1.2 billion
• residential work – up $43 million (5.9 percent) to $769 million
• non-residential work – up $93 million (25 percent) to $469 million.

Data for building consents is obtained from all territorial authorities. We are changing what building consents statistics we publish. See Changes to our time series and classifications in the Data quality section of the information release. – -]]>