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Thursday, January 14

Rise in consents for new homes


The number of new homes authorised for construction (excluding apartments) rose 3.1 percent in November 2009 when adjusted for seasonal effects, Statistics New Zealand said today.

This follows an 11 percent rise in October 2009 and brings the number of housing units authorised to its highest level since May 2008. When the volatile apartment category is included, the number of new housing units rose 1.2 percent.

"Although the trend for new housing units has been increasing since March 2009," business statistics manager Louise Holmes-Oliver says,"it is still considerably lower than the levels seen before mid-2007".

Residential building consents were issued:

 for 1,458 new housing units (excluding apartments)
 for 42 new apartment units.

The value of residential building consents was $537 million, an increase of 18 percent compared with November 2008, while the value of non-residential building consents was $389 million, a decrease of 2.3 percent.

The decrease in non-residential value was partly offset by a large increase in the hospitals and nursing homes category, due to consents for several hospital projects.