Consents for new dwelling are at a record low according to Statistics NZ latest building consent figures.
There were 12% fewer new dwelling consents issued in 2011 than in 2010 as new dwellings fell to 13, 662, the lowest total since Stats NZ began the series in 1965.
For the month of December new dwelling numbers increased 13% to 1127 from a six year December low of 994. Seasonally adjusted the number of new dwellings showed little movement following earlier volatility.
Auckland had the biggest year-on-year increase in new dwelling numbers, with 34% more new dwellings in Auckland, increasing 99 from 193 in December 2010 to 292 last December. There were 430 new dwellings in Auckland in November and month-on-month the fall was 32%.
Wellington and Canterbury were respectively the next largest regional gainers in the number of new dwellings.
Wellington increased 58 from 130 in December 2010 to 188 in December 2011 and there were 32 more new dwellings in Canterbury compared to December 2010 as the number rose to 199.
Residential consent values fell 12% to $4.93 billion and non-residential consent values fell 3.5% to $3.64 billion. Year-on-year residential consent values rose $75 million to $443 million, compared to December 2010 non-residential consents rose over $7 million to $338 million last December.
Comments and questions
What do you expect, some one has to lead this economy, ifs no ones leading, how are you going to get people to invest in building, their no security to where this country heading,its like a ship without a rudder,all over the place, no wonder captain Bollards retiring.
Just as well building consents are at a all time low....there aint enough designers, carpenters/builders and allied trades signed up to LBP scheme. Plus the amendment for DIYers is not a done deal.....
as of the 1st March the new building act/law comes into effect... Licenced Building Practioners ONLY
The LBP scheme will cause building consents to drop further as many homeowners will do unlicensed work themselves to avoid red tape.
Source: work from home
source: work from home
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