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6 December 2012

New Houses Hit Four Year High

The total value of consents issued for all buildings (residential and non-residential) was $984 million, up 34% from October 2011.

Compared with October 2011

  • The total value of residential building consents rose 29% to $593 million
  • The value of non-residential building consents rose 42% to $392 million

Canterbury region and apartments lift overall number of new dwellings

Conpared with October 2011, the number of new dwellings consented in October 2012 increased most in Canterbury and in regions with new aparments

  • Canterbury, up 122 (58%) to 333
  • Manawatu-Wanganui, up 72 (206%) to 107
  • Bay of Plenty, up 61 (83%) to 135
  • Otago, up 48 (81%) to 107

Strong increase in value of non-residential buildings

In October 2012, the value of non-residential building consents was $392 million, up 42% ($116 million) from October 2011.

Eight of the 11 building types increased in value. The largest changes were:

  • storage buildings, up $32 million (116%)
  • offices and administration buildings, up $29 million (67%)
  • hostels and boarding houses, up $20 million (561%)

See the attached full overview from Statistics New Zealand for a more detailed summary.

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