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Dwelling consents rebound in February

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Fuseworks Media
Fuseworks Media

The number of new dwellings consented rose strongly in February after falling in the previous month, Statistics New Zealand said today.

A total of 2,379 new dwellings were consented in February 2016. This is the highest number for a February month since 2004, up 35 percent from the same month in 2015.

"This month’s increase was led by Auckland, with other strong increases in Waikato, Bay of Plenty, and Otago," business indicators manager Clara Eatherley said. "Dwelling consents in Canterbury showed little change from the previous February."

In seasonally adjusted terms, the number of new dwellings consented rose 11 percent in February, recovering from a 7.8 percent fall in January.

The trend for the number of new dwellings consented continued to increase, and is at its highest level since mid-2004.

In February 2016, building consents were valued at:

$1.4 billion for all buildings (up 17 percent from February 2015)

$1.1 billion for residential buildings (up 40 percent)

$372 million for non-residential buildings (down 21 percent).

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