Sharechat Logo

New home consents down in April

Friday 3rd June 2011

Text too small?


The 893 new homes, excluding apartments, approved in April was down 32% from a year earlier, Statistics New Zealand (SNZ) says.

The figures were consistent with the longer term picture provided by the trend, which has fallen nearly one-third since March 2010. But data for recent months showed the rate of decline was easing, SNZ said.

Including apartments, 927 new homes were authorised, down 34% compared to April 2010.

The seasonally adjusted number fell 1.6%, following a 2% rise in March. When apartments are excluded, the seasonally adjusted number of new homes authorised rose 3.8% in April after a 3.3% rise in March.

In Canterbury, 28 earthquake-related consents were identified in April, with a total value of $2.5 million. Those consents included seven new homes, four of which were relocateable units intended to house displaced Christchurch residents, SNZ said.

The value of consents issued for residential buildings was $354 million in April, down 26% compared to a year earlier. The value of non-residential buildings fell 23% to $252 million, while for all buildings the value was down 25% to $606 million.

For the year to April the total value of residential buildings was down 6.6% from a year earlier to $5.17 billion, for non-residential buildings it was down 12% to $3.63 billion, and for all buildings it dropped 8.9% to $8.81 billion.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

7th December 2021 Morning Report
Sky Network Television Limited (NZX: SKY) Transformation accelerates - Sky raises FY22 guidance
PGG Wrightson Limited (NZX: PGW) FY22 Operating EBITDA forecast to better last year
Vulcan Steel Limited (NZX: VSL) Trading Update & Earnings Upgrade
6th December 2021 Morning Report
Synlait Milk Limited (NZX: SML) Partnership to enhance soil health; test regen ag practices
Property for Industry Limited (NZX: PFI) Strong Valuation Outcome, Penrose Acquisition
3rd December 2021 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra provides Milk Price, earnings and Q1 update
Kiwi Property Group Limited (NZX: KPG) Signs Sale and Purchase Agreement with IKEA