Sharechat Logo

NZ building consents rise 8.3% in January

Wednesday 29th February 2012

Text too small?

New Zealand building consents rose last month, with the biggest increase in Canterbury, reflecting rebuilding efforts in Christchurch after the devastating earthquakes.

Building consents rose 8.3 percent to 1,326, seasonally adjusted and including apartments, according to Statistics New Zealand. Excluding apartments, consents rose 3.7 percent in January, the first gain in three months.

Canterbury’s gains were driven primarily by permits for retirement units, suggesting a build up of demand because of the ongoing aftershocks in the region that have delayed the reconstruction efforts.

Consents in Canterbury jumped to 379 last month, the highest of any region, from 199 in December. In the city of Christchurch alone, there were 209 consents issued, up from 61 in the previous month.

By contrast, new dwellings authorized in the North Island fell 0.8 percent to 595, with those issued in Auckland falling 10 percent to 232.

There were 198 consents issued for apartments, in unadjusted numbers, last month, from 148 in December.

In the year, total home building consents fell 9.1 percent.Total non-residential consents fell to 655 in January from 814 in December.

(BusinessDesk)

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report