Housing Consents Decline in April

30 May 2012

National housing consents fell in April after a big jump up in March, according to Statistics New Zealand figures.

In April there were consents issued for 1230 new homes, including apartments, down 21 per cent from the 1559 issued in March.

The value of home and apartment building consents in April was $364 million, down from $430m in March, which was the best monthly value for several years.

National housing consents fell in April after a big jump up in March, according to Statistics New Zealand figures.

In April there were consents issued for 1230 new homes, including apartments, down 21 per cent from the 1559 issued in March.

The value of home and apartment building consents in April was $364 million, down from $430m in March, which was the best monthly value for several years.

Excluding apartments, there were consents for 1092 new homes, down 21.7 per cent from 1394 in March.

Of the 133 new apartments consented during April, 88 were retirement village units. The total number of apartments was down from 165 consents issued in March.

However, the total number of consents in April this year was up 33 per cent from the same month last year, which was a dire year for the building industry.

Compared with April last year, residential consent values rose $95m.

Apartments accounted for a third of the increase over the same month last year.

Eleven of New Zealand’s 16 regions showed increases compared with April last year, with Auckland and Canterbury the two leading contributors.

House building plans in Auckland are taking a breather after March’s big jump. There were 360 house and apartment consents issued for the Auckland region in April, down from 511 in March.

The April consents were still well up on the 259 issued in April last year.

In Canterbury, consents held up with 282 issued in April, one more than in March. The April consents were well up on the 198 in April last year.

The region’s earthquake-related building consents totalled $28m in April 2012. Of this, $18m was for non-residential buildings and $9m was for residential buildings, including 17 new houses.

In Wellington, there were 79 consents issued in April, down from 136 in March.

But the April figures were better than the same month last year, when 68 consents were issued for homes and apartments.

In the year to April, just under 14,900 homes and apartments were consented across the country, slightly better than the previous April year.

However, the annual consents were down massively from almost 26,000 in the same period in 2007.