New homes are continuing to be consented at the rate of almost 1000 a week, despite the headwinds buffeting the housing market.
According to Statistics NZ, 50,736 new dwellings were consented in the 12 months to the end of June, up 14.4% compared to the previous 12 months.
It was the fourth consecutive month that the number of new dwelling consents has been above 50,000 on a rolling 12 month basis.
The growth has mainly been driven by consents for low rise, multi-unit dwellings such as townhouses and units, with 20,184 consented in the June year , up 49.1% compared to the previous 12 months.
However stand-alone houses remain the most popular type of dwelling, with 23,913 consented in the June year , down 2.5% compared to the previous 12 months.
There were also 3913 apartments consented in the June year, down 6.1% on the previous 12 month, and 2726 retirement village units, up 30.2%.
The total value of new dwellings consented in the year to June was just under $20 billion, up 20.5% on the previous 12 months, with another $2.5 billion of structural alteration work consented, up 13.3% on the previous 12 months.
Additionally non-residential building work continues to be consented at a cracking pace.
In the 12 months to June $9 billion of non-residential building work was consented, up 15.8% compared to the 12 months to June 2021.
That took the total value of all building work consented for the June year (residential and non-residential) to $31.5 billion, up 18.5% on the previous 12 months.
The interactive tables below show the trends in the number of residential consents issued nationally by dwelling type and the total number of residential consents issued each month by region.
The comment stream on this story is now closed.
Select chart tabs
Select chart tabs
- You can have articles like this delivered directly to your inbox via our free Property Newsletter. We send it out 3-5 times a week with all of our property-related news, including auction results, interest rate movements and market commentary and analysis. To start receiving them, register here (it's free) and when approved you can select any of our free email newsletters.