Residential consents since 1966.

Home consents hit 14-year high

Consents for new homes fell just 4 short of 33,000 last year, up 6.1% on 2017’s 31,087, Statistics NZ said today.

For the month of December, the 2382 consents were up 9.8% from the 2169 a year earlier.

Statistics NZ construction statistics manager Melissa McKenzie said the consents for the year were the highest tally since the year to June 2004, when 33,251 were issued.

The all-time record was 40,025 new homes consented in the year ended February 1974.

In Auckland, the 12,862 new home consents for 2018 were down slightly from the year to October, when 13,078 homes were consented. That was the highest number since the early 1970s.

Consents were up for the year in 10 of Auckland’s 13 council wards. The largest increase was in Manurewa-Papakura, up from 987 to 1612, a 63% increase.

Consents for houses, typically low over summer, were up 0.5% to 1492 (1424).

Of the more intensive categories, suburban townhouses & flats showed the biggest gains, up 36.7% for the month to 451 (330), and up 33.1% for the year to 6491 (4875).

The value of all residential consents for the month was up 4.4% to $995 million ($953 million), and rose 5.4% for the year to $14.174 billion ($13.454 billion). That included just under $2 billion of alterations & additions in both years – $1.993 billion in 2018 ($1.979 billion), up 0.7%.

The rises in total value of all construction – residential, non-residential & non-building – have been well short in the last 2 years of the big rises (12.4-20.8%/year) over the previous 4 years. Last year’s total was $21.7 billion ($20.35 billion).

  • I’ll post more detail later in the day.

Attribution: Statistics NZ.

Comments are closed.