Building consents bounce a little in February, but still weak (Updated)
30th Mar 09, 11:24am
By Bernard Hickey Building consents bounced to 1,089 in February from a record low 812 in January as apartment numbers in Wellington rebounded, but overall consents were down 43.5% from February a year ago as the building industry continues to struggle with weak demand and financing problems. (Updated with what I think below) Apartment consent numbers rose to 193 in February from 67 in January. This was the highest monthly number since a surprise 366 in August last year and down only slightly from 203 in February a year ago. Non apartment consents rose to 866 from 745 in January, but were almost half the 1,701 in February a year ago. Standouts were:
- Wellington, where consents rose to 215 from 86 in January and 155 a year ago,
- Auckland, where consents rose to 220 from 186 in January but were still down from 536 a year ago,
- Nelson, where consents rose to 7 from 4 the previous month, but were down from 27 a year ago,
- Canterbury, where consents rose to 147 from 112 in January, but were down from 298 a year ago.