Consents for new homes in February topped 3000 in a month for the 6th time since August 2017, after a stronger than usual January.
Statistics NZ said today consents for new homes were 30% higher in both January & February compared to those months last year.
Construction work put in place nationally in the December quarter rose $235 million from the September quarter to a new high of $6.08 billion, and rose $1.555 billion for the year to $22.777 billion.
The annual rate of building consents for new homes fell just short of 33,000 in December, but surged over it in January.
Building consents for the retail & hospitality sector climbed while consents for office buildings tumbled in 2018, Statistics NZ’s December construction figures show. Likewise in residential, standalone homes’ share of new-build consents has been declining.
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.