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Quake-related consents start to crank up in May

Thursday 30th June 2011

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Approval of earthquake-related building consents in Canterbury showed signs of kicking into life last month.

Statistics New Zealand (SNZ) today said it had identified $28 million of consents in May related to the earthquakes, including $9 million for residential projects and $19 million for non-residential.

That was the largest total monthly value of quake-related consents and accounted for almost half the value of all consents related to the Canterbury quakes since they started last September, SNZ said.

The quake-related consents included 68 new dwellings, 63 of which were relocatable units intended to house displaced residents.

There were only 89 new quake-related dwelling consents since September, at $62m overall.

For the country as a whole 1139 new dwelling units, including apartments, were authorised in May, 16 percent down from a year earlier. For Canterbury there was an increase of 14 units to 251, while for Christchurch alone consent numbers were up four from May 2010 to 122.

Excluding apartments, the 1073 new dwellings approved nationwide in May was 20 percent lower than a year earlier.

Seasonally adjusted figures showed some hints of better times with consents, excluding apartments, rising 0.9 percent last month from April, after having risen 3.7 percent in April and 4.2 percent in March.

Including apartments, consents were up a seasonally adjusted 2.2 percent in May, after a fall of 1.2 percent in April and a rise of 2.5 percent in March.

The value of residential building consents fell 19 percent from May 2010 to $389m last month.

Non-residential building consents were up 17 percent in May from a year earlier to $350m, with hospitals and nursing homes up $56m and the shops, restaurants and taverns category up $43m.

The value of all buildings consented in May was $739m, down 5.3 percent from a year earlier.

For the year to May the value of consents for all buildings was down 8.2 percent from the previous year to $8.78 billion, with residential consent values down 9.5 percent to $5.08 billion, and non-residential down 6.5 percent to $3.7 billion.

NZPA



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