Four Per Cent with Simon Catorbuilding industry insight icon2

New Housing Trend Continues to Grow in February 2013

28 March 2013 Four Per Cent

 

Simon Cator

The NZ construction industry generates four per cent of national GDP. Simon reports on the latest building statistics to reveal growth projections.

While apartment numbers vary a lot from month to month, figures continue to show a positive trend for new houses. “This trend for the number of new houses, including apartments, is now at its highest level since May 2008,” industry and labour statistics manager Blair Cardno said.

The total value of consents issued for all buildings (residential and non-residential) was $846 million, up 1.6% from February 2012. 

Comparision to February 2012

  • 1,493 new houses, including apartments (↑19%)
  • 1,351 new houses, excluding apartments (↑18%)
  • 142 new apartments (↑82 from 62)

Highest Regional Growth

  • Auckland, 473 (↑51%)
  • Canterbury, 351 (↑35%)

Non-residential Building Growth

In February 2013, the value of non-residential building consents was $258 million, down 25% compared with February 2012. 

The largest changes were:

  • Office and administration buildings (18% of total value)
  • Education buildings (17% of total value)

Earthquake Related Building Consents

In February 2013, the Canterbury consents identified as being earth-quake related totalled $35 million, the lowest monthly total since April 2012.

comments powered by Disqus