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.
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 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.
A record 6059 new townhouses, flats & units were consented to be built in the September year, up 29% on the previous year’s 4694.