Building Consents Issued: October 2004

Building Consents Issued: October 2004 — 30 November 2004

Consents for Apartments Increase

Consents for 708 new apartment units were issued in October 2004, according to Statistics New Zealand. This compares with 295 units in September 2004 and 284 in August 2004. Apartment units accounted for 27 percent of all new dwelling units in October 2004, compared with 13 percent in September and 12 percent in August 2004.

Consents were issued for 2,578 new dwelling units in October 2004. Although the trend for the number of new dwelling units has been declining since December 2003, the number of consents for new dwelling units has generally been over 2,000 each month since March 2002. Consents for 31,534 new dwelling units were issued in the year ended October 2004, up 2,299 (8 percent) from the October 2003 year. This total is the largest recorded for an October year since 1974.

The total value of consents issued for non-residential buildings was $347 million in October 2004. Consents issued for offices and administration buildings were worth $55 million (16 percent of the total), followed by storage buildings worth $54 million (15 percent), and factories and industrial buildings worth $41 million (12 percent). In 18 of the last 21 months, the trend for the value of non-residential buildings has increased, with continuous growth since December 2003.

The total value of consents issued for all buildings was $948 million in October 2004, up $132 million (16 percent) compared with October 2003. Residential buildings contributed 63 percent to the total value of all buildings in October 2004, compared with 69 percent in October 2003.

Brian Pink

Government Statistician

ENDS

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