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Dwelling consents decrease in Canterbury

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Fuseworks Media
Fuseworks Media
Dwelling consents decrease in Canterbury

Building consents for new dwellings in Canterbury have decreased, Statistics New Zealand said today.

"Canterbury dwelling consents more than tripled between 2011 and 2014, but have been decreasing since then," business indicators manager Neil Kelly said.

In May 2015, 549 new dwellings were consented in Canterbury - down 9.3 percent from the same month in 2014. This was the fifth annual decrease in a row.

"Nationally, dwelling consents have increased slightly over the past year, following several years of large increases that were driven by Canterbury and Auckland. Numbers are approaching the level we saw between 2005 and 2007, but are still well below the peak seen in 2004," Mr Kelly said.

In May 2015, 2,171 new dwellings were consented - up 2.2 percent compared with May 2014. However, in seasonally adjusted terms, the number was unchanged from April 2015.

The total value of consents for all buildings in May 2015 was $1.4 billion, comprising $868 million for residential buildings and $486 million for non-residential buildings.

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