Archive | Building consents

Looking inside the consent figures – hospitality v office, intensification v standalone

Building consents for the retail & hospitality sector climbed while consents for office buildings tumbled in 2018, Statistics NZ’s December construction figures show.

[To read the earlier story on the headline figures, go here: Home consents hit 14-year high]

But when you combine the 2 sectors’ consent figures, consented activity is in a straight line – about $2 billion/year.

Standalones down but suburbia steady

Likewise in residential, standalone homes’ share of new-build consents has been declining (down 3.6% for the year), but the share of the market held by suburban townhouses & flats has risen by 4%.

Although there’s been an overall shift to more intensive living spaces, the combined suburban share of the market has stayed at 83.5% over the last 2 years.

While I noticed more people in the retirement village sector raising the argument in 2018 that their sector aided the overall market by freeing up large homes occupied by just 1-2 elderly people, that argument was less valid last year. The retirement village share of newbuilds slipped 0.8% while apartments’ share picked up 0.4%. I can see in those 2 shifts, plus the rise in townhouse occupancy, the acceptance of intensification is growing, but 2 more market changes are still some way off.

Those 2 changes are the extension of apartment buildings into suburban centres, combined with a shift of the elderly into tighter spaces while retaining their independence. That resolve, in turn, is likely to lead to more amenities in suburban centres.

Residential statistics continue below the segment of this story on the non-residential market.

Non-residential consents continue upward drive

Non-residential comparisons can be difficult, as floorspace & value don’t always march in unison.

The value of non-residential building consents has risen 69% from 2013 to 2018, with some steep steps up along the way – $4.2 billion in 2013, up $900 million then $800 million in the next 2 years, a slowdown (up $100 million to $6 billion) in 2016, and then driving upwards to $6.5 billion in 2017, $7.1 billion in 2018.

While the rises in value were very big in 2014-15 – up 21.5% then 15.9% – the increase in consented floor area in those 2 years was much lower at 13.9% in 2014, 5.7% in 2015.

In 2016, the slowdown year, the value of non-residential consents rose 1.7% – and the consented floor area fell 20.4%.

In the last 2 years, the value of non-residential consents has risen 8% then 9%, while consented floor area has increased by 6.8% then 21%.

The value of consents for industrial buildings has declined in 3 of the last 6 years, but has been strengthening – up 41.2% to $662 million in 2017, up 15.9% more to $767 million in 2018.

Consents for farm buildings declined in 2015-16, and have also risen sharply in the last 2 years – up 13.6% to $273 million in 2017, up 39.7% more to $382 million in 2018.

Consents for education buildings jumped 57.8%, from $699 million to $1.1 billion, in 2015, rose to $1.23 billion in 2016 and has stayed just above $1 billion in each of the last 2 years.

2018 was a big year for shops, restaurants & bars, but a poorer one for offices, administration & public transport buildings. The retail & hospitality sector ranged from $730-791 million/year for 4 years then jumped 39.7% to $1.1 billion last year, but the office sector went in reverse – above $1.2 billion in 3 of the 4 years from 2014-17 and $1.17 billion in the other year, but falling 30% in 2018, from $1.23 billion to $859 million.

Combined, however, consents for the hospitality & office sectors have been worth $1.9-2 billion/year for the last 5 years.

The national consent numbers for December & the 2018 year (previous December & year in brackets), percentage change for year:
Total consents for new homes: 2382 (2169), 32,996 (31,087), up 6.1%
Total values for new homes: $995 million ($953 million), up 4.4%; $14.174 billion ($13.454 billion), up 5.4%
Standalone homes: 1492 (1424), 21,125 (21,022), up 0.5%
Standalones’ share of all consents: 62.6% (65.7%), 64% (67.6%)
Apartments: 273 (240), 3551 (3239), up 9.6%
Apartments’ share of all consents: 11.5% (11.1%), 10.8% (10.4%)
Retirement village units: 166 (175), 1829 (1951), down 5.1%
Retirement villages’ share of all consents: 7% (8.1%), 5.5% (6.3%)
Suburban townhouses & flats: 451(330), 6491 (4875), up 36.7%
Suburban townhouses & flats’ share of all consents: 18.9% (15.2%), 19.7% (15.7%)

Residential in Auckland:

Auckland residential consents rose 7% from December 2017 to December 2018, to 938 (876), and 18.4% for the year to 12,862 (10,867).

Consents were up for the year in 10 wards, down in 3 (the extremities & the centre -Rodney, Franklin, Waitemata & Gulf).

Auckland residential consents for December, compared to December 2017, and the latest 12 months compared to the previous 12 months, percentage change for year:
Region: 938 (876), 12,862 (10,867), up 18.4%
Rodney: 59 (58), 771 (1054), down 26.9%
Albany: 130 (153), 2473 (2449), up 1%
North Shore: 49 (105), 824 (561), up 46.9%
Waitakere: 55 (35), 928 (529), up 75.4%
Waitemata & Gulf: 106 (6), 958 (1362), down 29.7%
Whau: 24 (33), 622 (331), up 87.9%
Albert-Eden-Roskill: 61 (53), 957 (644), up 48.6%
Orakei: 17 (14), 421 (260), up 61.9%
Maungakiekie-Tamaki: 182 (20), 774 (637), up 21.5%
Howick: 47 (42), 818 (614), up 33.2%
Manukau: 67 (225), 996 (655), up 52.1%
Manurewa-Papakura: 83 (94), 1612 (987), up 63.3%
Franklin: 58 (38), 708 (784), down 9.7%

Earlier story:
4 February 2019: Home consents hit 14-year high

Attribution: Statistics NZ tables.

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Home consents hit 14-year high

Consents for new homes fell just 4 short of 33,000 last year, up 6.1% on 2017’s 31,087, Statistics NZ said today.

For the month of December, the 2382 consents were up 9.8% from the 2169 a year earlier.

Statistics NZ construction statistics manager Melissa McKenzie said the consents for the year were the highest tally since the year to June 2004, when 33,251 were issued.

The all-time record was 40,025 new homes consented in the year ended February 1974.

In Auckland, the 12,862 new home consents for 2018 were down slightly from the year to October, when 13,078 homes were consented. That was the highest number since the early 1970s.

Consents were up for the year in 10 of Auckland’s 13 council wards. The largest increase was in Manurewa-Papakura, up from 987 to 1612, a 63% increase.

Consents for houses, typically low over summer, were up 0.5% to 1492 (1424).

Of the more intensive categories, suburban townhouses & flats showed the biggest gains, up 36.7% for the month to 451 (330), and up 33.1% for the year to 6491 (4875).

The value of all residential consents for the month was up 4.4% to $995 million ($953 million), and rose 5.4% for the year to $14.174 billion ($13.454 billion). That included just under $2 billion of alterations & additions in both years – $1.993 billion in 2018 ($1.979 billion), up 0.7%.

The rises in total value of all construction – residential, non-residential & non-building – have been well short in the last 2 years of the big rises (12.4-20.8%/year) over the previous 4 years. Last year’s total was $21.7 billion ($20.35 billion).

  • I’ll post more detail later in the day.

Attribution: Statistics NZ.

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Council puts building inspection bookings online

Auckland Council has opened a service to book, reschedule & cancel building inspections online.

Customers can check inspection results on a personalised dashboard.

With over 160,000 building inspections/year, managing bookings online will save builders & owners time & money.

The council’s building consents general manager, Ian McCormick, said the system works most smoothly when people book only the inspection they need – not multiple inspections, only to cancel the day before: “Booking multiple unnecessary inspections prevents us from getting through the maximum number of inspections and others miss out or are delayed.

“My advice to customers wanting a next-day inspection is to check the online booking tool in the afternoon or evening the day before, as you will generally find available slots as a result of these cancellations.”

Regulatory committee chair Cllr Linda Cooper welcomed the online innovation: “Customers get a real-time booking confirmation based on inspector availability and sent reminder messages the day before & the day of the inspection to confirm the inspector’s name & approximate time of arrival.

“This is already being well received by the industry and should help speed the process of delivering construction projects as the council deals with the unprecedented building boom.

“It’s also another example of getting more council services online as we progress in 2019.”

Registration: aucklandcouncil.govt.nz/inspections

Attribution: Council release.

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Home consents close to 33,000 but slip in November

Consents for new homes nationally & in Auckland fell in November after picking up in the previous 12 months from a slowdown in 2016.

Consents nationally were up 5.3% over 12 months but fell short of an annual tally of 33,000, at 32,783.

The shifts were greater in Auckland – down 19% for the month but up by the same percentage over 12 months.

The annual figure for residential alterations & additions nationally topped $2 billion/year, but a slightly lower figure for that category of work for the month took the total for all new residential work a fraction lower than for the previous 12 months.

Standalone housing’s share of consents bounced back from a sharp drop last November but was still down nearly 4 percentage points for the year at 64.2%.

Consents for non-residential construction topped $7 billion/year for the first time.

Cycles & migrants

The annual residential tally of 32,783 consents is just short of the June 2004 peak of 32,851, which occurred during an immigration spike.

This time round, the immigration peak has already passed, reducing the clamour for more housing. That peak of 72,402 was reached in the year to July 2017. In the 12 months to October 2018, the net inflow had fallen by more than 10,000 to 61,751 – around the level in 2015, the second year of a very large 5-year ramping up of immigration.

Over those 5 years, the net inflow of migrants fell just short of 313,000. Over the previous 6 years, which included the global financial crisis & 2 years of net outflows, the net population gain from immigration was just over 50,000.

Consents for new homes got down to 13,529 in the November 2011 year – just over half the number achieved in 2007, down 15% from 2010 and the bleakest period of the global financial crisis. In October 2014, for the first time in 5 years, the annual consent rate just made it over the 20,000 mark (to 20,037).

Statistics NZ has scheduled the next release of migration numbers for Friday 25 January.

The national residential consent numbers for November 2018 & the year to November (previous November & year in brackets):
Total consents for new homes: 3120 (3262), down4.4%; 32,783 (31,123), up 5.3%
Total values for new homes: $1.13 billion ($1.12 billion), up1.3%; $12.1 billion ($11.5 billion), up 5.2%
Alterations & additions: $164 million ($184 million), down 10.7%; $2.02 billion ($1.98 billion), up 2%
Total value for new homes, plus alterations & additions: $1.298 billion ($1.302 billion), down 0.4%; $14.1 billion ($13.5 billion), up 4.8%
Standalone homes: 2009 (1870), up 7.4%; 21,057 (21,178), down 0.6%
Apartments: 226 (543), down 58.4%; 3518 (3137), up 12.1%
Retirement village units: 215 (272), down 21%; 1838 (1969), down 6.7%
Suburban townhouses & flats: 670 (577), up 16.1%; 6370 (4839), up 31.6%
Standalone share of consents: 64.4% for the month (57.3%); 64.2% for the year (68%).

Around Auckland, there were some big shifts within wards, for the month and for the 12 months:

  • Consents over the whole region fell 19% for the month, but rose 19% over 12 months
  • Waitemata (which includes the central city and therefore is dominated by apartment consents) fell 84% for the month, 70% over 12 months, and was also well down compared to 2016
  • Consents were much higher for month & year in 6 wards – North Shore, Waitakere, Whau, Albert-Eden-Roskill, Manukau & Manurewa-Papakura
  • Consents were much lower for month & year in 2 wards – Waitemata & Gulf, Mangakiekie-Tamaki
  • Monthly & annual figures were a mix of up & down in 3 wards – Orakei, Howick & Franklin.

Auckland residential consents for November 2018, compared to November 2017, and the latest 12 months compared to the previous 12 months (percentages for some of the more notable changes):
Region: 1172 (1450), down 19.2%; 12,800 (10,731), up 19.3%
Rodney: 68 (89); 770 (1056), down 27.1%
Albany: 224 (255); 2496 (2466)
North Shore: 48 (25), up 92%; 880 (484), up 81.8%
Waitakere: 125 (66), up 89.4%; 908 (537), up 69.1%
Waitemata & Gulf: 61 (388; 155 in November 2016 – down 84.3% from November 2017, down 69.6% from November 2016); 858 (1365; 1125 in the November 2016 year – down 37.4% from the November 2017 year, down 23.7% from the November 2016 year)
Whau: 72 (34), up 111.8%; 631 (312), up 102%
Albert-Eden-Roskill: 71 (36), up 97.2%; 949 (703), up 35%
Orakei: 45 (67), down 32.8%; 418 (261), up 60.2%
Maungakiekie-Tamaki: 77 (138), down 44.2%; 612 (746), down 18%
Howick: 74 (127), down 41.7%; 813 (594), up 36.9%
Manukau: 139 (90), up 54.4%; 1154 (451), up 55.9%
Manurewa-Papakura: 115 (88), up 30.7%; 1623 (952), up 70.5%
Franklin: 53 (47), up 12.8%; 688 (804), down 14.4%

Retail & hospitality consents jump, education dips

Statistics NZ construction statistics manager Melissa McKenzie said consents for non-residential construction topped $7 billion in 12 months for the first time  on record, rising by $450 million (5.4%) from the previous 12 months.

Consents for shops, bars & restaurants rose from $717 million over the 12 months to November 2014 to $796 million in 2017, then jumped 37% in the latest period to $1.09 billion.

Consents for education buildings have totalled just over $1 billion/year for the last 4 November years, but this was the lowest of the 4 at $1.05 billion (the range has been up to $1.17 billion).

All construction for November 2018 compared to November 2017, and the latest 12 months compared to the previous 12 months:
Total: $2.2 billion ($1.88 billion), up 17%; $21.6 billion ($20.5 billion), up 5.4%
Non-residential: $831 million ($549 million), up 51.5%; $7.05 billion ($6.6 billion), up 6.6%.

Attribution: Statistics NZ.

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7th month of 1000-plus consents for Auckland just like the early 1970s – for twice the population

Consents for new homes in Auckland have topped 1000 for the 7th time in 8 months and taken the region’s annual consent rate over 13,000 for the first time since the early 1970s, when the population was half the 1.696 million now.

The region’s share of national consents was steady at 37% for October, and jumped to nearly 40% for the year.

Consents rose 14% in Auckland for the month, 15% nationally. For the year, Auckland’s consents are up 25% but nationally the rise is less than 7%.

Standalones’ share up near 70% again

Standalone homes’ share of the market nationally jumped in September and again in October after a sharp decline in March was followed by another 5 months of a low share.

Standalones, at 2032 consents, topped 2000 for only the fourth month in 2 years. Consents for apartments, on the other hand, at 88 for the month, dropped below 100 for only the second time over those 2 years.

The standalone share was at 70.9% a year ago and reached 72% in January, but fell to 59.9% in March & 59.1% in April, then recovered to be above 60% over the next 6 months, reaching 65.4% in September & 69.4% in October.

Statistics NZ acting construction statistics manager Dave Adair said yesterday standalones represented 48% of Auckland consents for the year, but 74% over the rest of the country.

Although the number of consents nationally for standalones in October was 12.5% up on a year earlier at 2032 (1806), the annual consent rate for them has dropped in both the last 2 years, from 21,369 in the October 2016 year to 21,194 in the next 12 months and to 20,918 in the latest 12 months.

Apartment consents have risen every year since that sector of the market started to climb out of the global financial crisis doldrums in 2013. In the 12 months to October 2013, 943 apartment consents were issued, rising to 1916, then to 2337, to 2555, to 3001 and in the last 12 months to 3835.

Throughout those 6 years, consents for suburban units & townhouses have stayed well ahead of apartments: 1506 in the October 2013 year, then 2596, up to 3565 in 2015, then to 4267 & 4769, and to 6277 in the latest 12 months.

The national residential consent numbers for October and the year to October, compared to October last year, and the latest 12 months compared to the previous 12 months:

Total consents for new homes: 2926 (2549), up 14.8%; 32,925 (30,866), up 6.7%
Total value for new homes, plus alterations & additions: $1.298 billion ($1.227 billion), up 5.8%; $14.137 billion ($13.355 billion), up 5.9%
Alterations & additions, $165 million ($204 million), down 19.1%; $2.041 billion ($1.964 billion), up 3.9%
Standalone homes: 2032 (1806), up 12.5%; 20,918 (21,194), down 1.3%
Apartments: 88 (78), up 12.8%; 3835 (3001), up 27.8%
Retirement village units: 143 (220), down 35%; 1895 (1902), down 0.4%
Suburban townhouses & flats: 663 (445), up 49%; 6277 (4769), up 31.6%
Standalone share of consents:  69.4% for the month (70.9%); 63.5% for the year (68.7%).

All construction for October compared to October last year, and the latest 12 months compared to the previous 12 months:
Total: $1.96 billion ($1.68 billion), up 5.7%; $21.29 billion ($20.22 billion), up 5.3%
Non-residential: $622 million ($584 million), up 6.5%; $6.76 billion ($6.47 billion), up 4.5%.

The Auckland picture:

Around Auckland, residential consents were up in 9 wards and down in 4 for the month. For the year, they were up in 11 wards, down in 2.

Auckland residential consents, for October & year to October compared to October last year and the previous 12 months:

Region: 1077 (944), up 14.1% from last October, 36.8% of national total (37% last October); 13,078 (10,469), up 24.9%, 39.7% of national total for 12 months (33.9%)
Rodney: 86 (65), 791 (1022)
Albany: 203 (253), 2527 (2497)
North Shore: 39 (83), 857 (485)
Waitakere: 156 (29), 849 (555)
Waitemata & Gulf: 17 (14), 1184 (1132)
Whau: 50 (17), 593 (297)
Albert-Eden-Roskill: 96 (37), 914 (771)
Orakei: 24 (13), 440 (236)
Maungakiekie-Tamaki: 40 (36), 673 (629)
Howick: 56 (107), 866 (492)
Manukau: 79 (90), 1105 (490)
Manurewa-Papakura: 162 (152), 1596 (980)
Franklin: 69 (48), 682 (883)

Attribution: Statistics NZ.

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Updated: Consents for suburban units up 29% in year

Published & updated with additional detail 31 October 2018:
A record 6059 new townhouses, flats & units were consented to be built in the September year, up 29% on the previous year’s 4694.

Consents for the whole intensive residential sector – apartments, retirement village units, and those suburban townhouses & flats – rose 22% to a combined 11,856 for the last 12 months (9702).

Statistics NZ construction statistics manager Melissa McKenzie said: “The annual number of townhouses, flats & units consented has risen steadily since late 2012, coming off historically low levels. Growth in new townhouses, flats & units between 2013-16 was driven by activity in both Auckland & Canterbury, but more recently it was driven by Auckland.”

Consents for new standalone houses slipped 2.4% for the 12 months to 20,692 (21,190).

Total residential consents for the 12 months rose 5.4% to 32,548 (30,892).

Total residential consents for September fell 7.6% to 2559 (2770).

The national consent numbers for new homes in September and the year to September, compared to September last year, and the latest 12 months compared to the previous 12 months:

Total consents for new homes: 2559 (2770), down 7.6%; 32,548 (30,892), up 5.4%
Total value for new homes, plus alterations & additions: $1.098 billion ($1.213 billion), down 9.5%; $14.066 billion ($13.267 billion), up 6.0%
Alterations & additions, $163 million ($175 million), down 6.8%; $2.08 billion ($1.941 billion), up 7.2%
Standalone homes: 1673 (1843), down 9.2%; 20,692 (21,190), down 2.4%
Apartments: 215 (415), down 48.2%; 3825 (3152), up 21.4%
Retirement village units: 165 (85), up 94.1%; 1972 (1856), up 6.3%
Suburban townhouses & flats: 506 (427), up 18.5%; 6059 (4694), up 29.1%
Standalone share of consents: 65.4% for the month (66.5%); 63.6% for the year (68.6%).

The Auckland picture

Around Auckland, consents were up in 9 wards and down in 4 for the month. For the year, they were up in 11 wards, down in 2.

Auckland residential consents, for September & year to September compared to September last year and the previous 12 months:

Region: 854 (868 in September 2017), down 1.6% from last September, 33.4% of national total (31.3% last September); 12,945 (10,317), up 25.5%, 39.8% of national total for 12 months (33.4%)
Rodney: 67 (58), 770 (1018)
Albany: 136 (183), 2577 (2449)
North Shore: 109 (37), 901 (427)
Waitakere: 41 (81), 722 (578)
Waitemata & Gulf: 61 (192), 1182 (1130)
Whau: 34 (11), 560 (293)
Albert-Eden-Roskill: 52 (18), 855 (801)
Orakei: 27 (13), 429 (246)
Maungakiekie-Tamaki: 57 (54), 669 (635)
Howick: 54 (48), 917 (410)
Manukau: 30 (27), 1116 (430)
Manurewa-Papakura: 143 (87), 1586 (948)
Franklin: 43 (59), 661 (952)

All construction for September compared to September last year, and the latest 12 months compared to the previous 12 months:
Total: $1.682 billion ($1.799 billion), down 6.5%; $21.186 billion ($20.109 billion), up 5.4%
Non-residential: $556 million ($546 million), up 1.7%; $6.726 billion ($6.413 billion), up 4.9%

Attribution: Statistics NZ.

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Auckland home consents hit record

Building consents were issued for a record 12,959 new homes in Auckland in the year to August, 22 more than in the June 2004 year.

Nationally, 32,759 consents were issued for the August year, just short of the 32,851 in the June 2004 year but well short of the record 40,025 in the February 1974 year.

Statistics NZ construction statistics manager Melissa McKenzie said today: “The 2004 peak in Auckland homes consented was mainly driven by growth in the number of apartments. This new record is also driven by townhouses, flats & units, and retirement village units.”

Consents nationally for new homes in August were down 2.9% compared to August last year at 3075 (3166).

August consents in Auckland were up 9.6% to 1298 (1184).

  • More detail to follow.
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Auckland plays superstar in flat national consents picture

Published 30 August 2018
Auckland played a superstar role with a leap to record levels of new housing consents in July, and for the July year.

Nationally, the picture was more sedate – flat in July (down by just 10 from July last year) and 8% ahead for the year.

As consents for suburban townhouses & flats jumped 53% for the month, 26% for the year, the standalone share fell 6% for both month & year.

Alterations & additions made big contributions to the totals for both month & year.

The total value of all consents – residential & non-residential – for the month fell 2%, but was up nearly 10% for the year. The non-residential sectors were down 10.3% from a year ago but up 10% for the year.

Auckland’s share of total residential consents jumped from 28% last July to 45%, and to 39% for the year.

Statistics NZ construction indicators manager Melissa McKenzie said today the 12,845 consents for new homes in the last 12 months, up 28% from the previous year, was the second highest tally in Auckland since records began nearly 30 years ago. “The highest on record was 12,937 new homes in the June 2004 year.”

The 6039 standalones made up 48% of all new homes consented in Auckland in the last 12 months, while the 3032 consents for townhouses, flats & units were a record.

The national consent numbers for new homes in July and the year to July, compared to July last year, and the latest 12 months compared to the previous 12 months:

Total consents for new homes: 2752 (2762), down 0.4%; 32,850 (30,404), up 8%
Total value for new homes, plus alterations & additions: $1.195 billion ($1.179 billion), up 1.4%; $14.2 billion ($12.9 billion), up 10%
Alterations & additions, $181 million ($160 million), up 13.1%; $2.1 billion ($1.9 billion), up 10%
Standalone homes: 1731 (1900), down 8.9%; 21,007 (21,229), down 1%
Apartments: 347 (367), down 5.4%; 3902 (2855), up 36.7%
Retirement village units: 139 (145), down 4.1%; 1996 (1607), up 24.2%
Suburban townhouses & flats: 535 (350), up 52.9%; 5945 (4713), up 26.1%
Standalone share of consents:  62.9% for the month (68.8%); 63.9% for the year (69.8%).

The Auckland picture

Around Auckland, consents were up in 9 wards and down in 4 for the month (2 of those falls by just 1 & 3). For the year, they were up in 11 wards, down in 2.

Auckland residential consents, for July & year to July compared to July last year and the previous 12 months:

Region: 1250 (774 in July 2017), up 61.5% from last July, 45.4% of national total (28% last July); 12,845 (10,051), up 27.8%, 39.1% of national total for 12 months (33%)
Rodney: 54 (83), 766 (1004)
Albany: 223 (159), 2570 (2529)
North Shore: 25 (38), 708 (516)
Waitakere: 119 (42), 739 (576)
Waitemata & Gulf: 182 (183), 1407 (870)
Whau: 44 (16), 462 (353)
Albert-Eden-Roskill: 79 (14), 887 (800)
Orakei: 30 (27), 389 (255)
Maungakiekie-Tamaki: 30 (34), 769 (482)
Howick: 68 (34), 881 (363)
Manukau: 59 (18), 1043 (404)
Manurewa-Papakura: 256 (55), 1508 (949)
Franklin: 81 (71), 716 (950)

All construction for July compared to July last year, and the latest 12 months compared to the previous 12 months:
Total: $1.75 billion ($1.786 billion), down 2%; $21.463 billion ($19.53 billion), up 9.9%
Non-residential: $517 million ($576 million), down 10.3%; $6.824 billion ($6.2 billion), up 10%

Attribution: Statistics NZ tables & release.

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Home consents up 8% for year, non-residential forging ahead

Consents for new homes nationally in June dropped 18% from a 14-year spike in May, but were up 9.1% compared to June last year.

The total value of all consents issued in the year to June rose 10.7% to $21.5 billion.

Home consents for the June year were 7.9% ahead of the previous year at 32,860, and lifted the rolling annual tally by 132 from May.

The value of all new residential consents, including additions & alterations, rose just over 11% for the month & the year, to $1.17 billion for the month and $12.8 billion for the year.

Standalone homes’ share of new consents fell 4 percentage points for the month to 62%, 5 points for the year to 64.4%.

The national consent numbers for new homes in June and the year to June, compared to June last year, and the latest 12 months compared to the previous 12 months:

Total consents for new homes:  2792 (2560 in June 2017, 3407 in May 2018), up 9.1%; 32,860 (30,453), up 7.9%
Total values for new homes, plus alterations & additions: $1.17 billion ($1.05 billion), up 11.2%; $14.2 billion ($12.8 billion), up 11.1%
Standalone homes:  1730 (1691), up 2.3%; 21,176 (21,090), up 0.4%
Apartments: 323 (268), up 20.5%; 3922 (2913), up 34.6%
Retirement village units: 144 (222), down 35.1%; 2002 (1651), up 21.3%
Suburban townhouses & flats: 595 (379), up 57%; 5760 (4799), up 20%
Standalone share of consents:  62% for the month (66%); 64.4% for the year (69.3%).

In Auckland – Manukau up 150%, Howick up 116%

The spread of new consents around the Auckland region has varied considerably over the last 12 months – down at the rural extremities, big jumps in parts of South Auckland, smaller rises in parts of the isthmus.

A quick count of the shifts: Rodney down 20%; in the city centre & islands ward of Waitemata & Gulf up 35%; down 3% in the ward with the biggest volume, Albany; up 56% in Orakei; up 67% in Maungakiekie-Tamaki; up 116% in Howick; up 150% in Manukau; up 34% in Manurewa & Papakura; down 25% in Franklin.

Auckland residential consents, for June & year to June compared to June last year and the previous 12 months:

Region: 1001 (906 in June 2017, 1530 in May 2018), up 10.5% from last June; 12,369 (10,364), up 19.3%
Rodney: 67 (105), 795 (992)
Albany: 210 (247), 2506 (2585)
North Shore: 24 (45), 721 (496)
Waitakere: 79 (45), 662 (606)
Waitemata & Gulf: 15 (61), 1408 (1040)
Whau: 83 (91), 434 (378)
Albert-Eden-Roskill: 107 (160), 822 (841)
Orakei: 21 (12), 386 (248)
Maungakiekie-Tamaki: 70 (20), 773 (464)
Howick: 98 (32), 847 (393)
Manukau: 68 (23), 1002 (401)
Manurewa-Papakura: 85 (19), 1307 (973)
Franklin: 74 (46), 706 (947)

The non-residential sectors, and the total

The total value of all consents issued in the year to June was $21.5 billion, up 10.7% from $19.4 billion in the previous 12 months.

After 2 $2 billion months this year (March & May), total consents were comparatively low at $1.74 billion, but that was 13.1% above June last year.

Consents for non-residential buildings were up 17.5% for the month at $530 million ($451 million), and up 10.3% over 12 months to $6.9 billion ($6.2 billion).

In non-residential sectors, the value of consents for hotels, motels & other short-term accommodation has slipped 33% in the last 12 months to $328 million after rising by 216% to $490 million in the previous 12 months. The consent value in that sector in June rose 103% to $50 million.

Consents for shops, restaurants & bars fell 23% in the year to June 2017, from $904 million to $698 million, but have regained most of that ground in the latest 12 months, rising 43% to $996 million.

Industrial building consents rose 43% in the year to June 2017 to $577 million, and another 37% in the last 12 months to $792 million.

The 2 biggest non-residential categories are education and a combination of offices, administration & public transport. Consents for education buildings have topped $1 billion/year for 3 years after jumping from $776 million to $1.24 billion in 2016. The sector slipped to $1.1 billion last year but has picked up to $1.16 billion in the last 12 months, a 5.2% rise.

Consents in the office sector have exceeded $1 billion/year for 5 years after rising from $797 million to $1.035 billion in 2014. They reached $1.25 billion in 2017 but have fallen 13.1% in the last 12 months to $1.09 billion.

Attribution: Stats NZ tables & release.

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15-year high for Auckland home consents

Consents for new homes in Auckland hit a 15-year high of 1530 in May. It was the 6th time in 12 months that consents had topped 1000.

In October 2002, 1945 consents for new homes were issued in Auckland, including 1206 apartments.

The 3407 consents for new homes issued nationally in May were the highest number since the 3447 in June 2004.

Nationally, consents were up 6.5% over the last 12 months to 32,628. In Auckland, the 12,274 consents for the year were up 18%.

Standalone houses remained the biggest contributor, but with a declining market share.

Standalones represented 77.6% of new consents in May 2016, falling to 73% last May and to 63.6% this May. On an annual basis, standalones fell from 72.1% in the year to May 2016 to 69.4% in 2017 and 64.8% in the latest 12 months.

The national consent numbers for May and the year to May, compared to May last year, and the latest 12 months compared to the previous 12 months:

Total consents for new homes: 3407 (2794), 32,628 (30,645)
Total values for new homes: $1.383 billion ($1.229 billion); $14.085 billion ($12.81  billion)
Standalone homes: 2167 (2039); 21,137 (21,262)
Apartments: 454 (123); 3867 (2881)
Retirement village units: 255 (137); 2080 (1718)
Suburban townhouses & flats: 531 (495); 5544 (4784)
Standalone share of consents:  63.6% for the month (73%); 64.8% (69.4%).

Auckland residential consents, for May & year to May compared to May last year and the previous 12 months:

Region: 1530 (885), 12,274 (10,379)
Rodney: 82 (159), 833 (965)
Albany: 283 (208), 2543 (2549)
North Shore: 37 (42), 742 (484)
Waitakere:  73 (53), 628 (626)
Waitemata & Gulf: 318 (9), 1454 (1093)
Whau: 54 (13), 442 (339)
Albert-Eden-Roskill: 147 (94), 875(731)
Orakei: 92 (5), 377 (280)
Maungakiekie-Tamaki: 85 (83), 723 (468)
Howick: 78 (33), 781 (401)
Manukau: 60 (33), 957(397)
Manurewa-Papakura: 145 (65), 1241 (1065)
Franklin: 76 (88), 678 (944)

Total construction

Over all sectors, the value of all consents has been rising by $2 billion/year since New Zealand edged out of the global financial crisis in 2013.

In the 12 months to May 2013, consents for all construction were worth $11.2 billion. In the latest 12 months they were worth $21.3 billion, up 8% from $19.7 billion in the year to May 2017.

Consents for non-residential construction rose 8.7% in May to $657 million ($605 million), and 4.2% for the year to $6.8 billion ($6.5 billion).

Attribution: Statistics NZ.

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