Community Scoop
Network

Auckland home consents hit 15-year high

Press Release – Statistics New Zealand

The number of new homes consented in Auckland hit a 15-year high of 1,450 in November 2017, boosted by apartments, Stats NZ said today.Auckland home consents hit 15-year high – Media release

12 January 2018

The number of new homes consented in Auckland hit a 15-year high of 1,450 in November 2017, boosted by apartments, Stats NZ said today.

This rise in Auckland helped lift the national total of new homes consented to a 13-year high in November.

“In November Auckland home consents reached their second-highest level on record,” construction statistics manager Melissa McKenzie said. “This is beaten only by October 2002 when nearly 2,000 new homes were consented due to a much larger spike in apartments.”

New Zealand home consents reach 13-year high

Nationally, 3,262 new homes were consented in November 2017, comprising:
• 1,870 houses (down slightly from November 2016)
• 577 townhouses, flats, and units (the highest number on record)
• 543 apartments (a 9-year high)
• 272 retirement village units.

“November is typically the month with the highest number of new homes consented, as people try to get plans approved before Christmas,” Ms McKenzie said.

In seasonally adjusted terms, the number of new homes consented rose 11 percent in November, following a 10 percent fall in October.

“November’s rebound in home consents was driven by apartments, which tend to fluctuate a lot and were particularly low in October,” Ms McKenzie said.
“Looking at the longer-term picture, building consents for apartments and townhouses have seen double-digit growth year after year, while consents for stand-alone houses have levelled off.”

In the 12 months to 30 November 2017, consents were issued for 31,123 new homes of all kinds, including 21,178 stand-alone houses. In the previous 12 months (to November 2016), consents were issued for 30,399 homes, including 21,391 houses.

Consents were issued for 3,137 apartments in the November 2017 year, compared with 2,692 in the November 2016 year.

Ends

Content Sourced from scoop.co.nz
Original url