The residential construction industry looks set to continue its recent momentum, with new dwelling consents bouncing back strongly after the Level 4 lockdown in March and April.
The latest figures from Statistics NZ show that the decline in new dwelling consents during the lockdown was not as severe as might have been expected, dropping from 3285 in February to 2915 in March and bottoming out at 2174 in April, then rising again to 3562 in May and 3477 in June.
That meant consents were issued for 9213 new homes in the lockdown-affected second quarter of this year, which was just three shy of the 9216 issued in the second quarter of last year.
The figures also showed a clear trend towards more intensive housing, with 1071 townhouses and units consented in June, which was the first time the number of townhouses and units consented has exceeded 1000 in a single month.
In the 12 months to June, the number of townhouses and units consented was up 33.7% compared to the previous 12 months, while retirement village units were down 3.6% , apartments were down 4.2% and stand alone houses were up 3.3% over the same period.
Statistics NZ said the number of homes being consented as a percentage of the population was also rising.
About 7.6 new homes were consented nationally for every 1000 residents in the June year, up from 7.1 per 1000 in the previous 12 months.
That is still well below the peak of 13.4 new homes consented per 1000 residents achieved in the 12 months to December 1973, but well up on the low point of just 3 new dwellings per 1000 residents achieved in the 12 months to July 2011.
In Auckland, which has faced some of the most critical housing shortages, 1439 new dwellings were consented in June, up 24.9% on June last year.
The interactive chart below shows the number of new dwelling consents issued in each region each month.
The second chart shows the national trends in the types of dwellings (apartments, houses, townhouses etc) consented each month.
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