A total of $33 billion worth of building work consented in September year including 50,700 new dwellings

The number of new homes being consented shows no sign of slowing down despite the current weakness in the property market.

According to Statistics NZ, 4600 new dwellings were consented in September, the highest number since March and up 1.7% compared to September last year.

In the 12 months to September 50,732 new homes throughout the country were consented, up 7.0% compared to the year to September 2021.

Although the total number of new dwellings being consented is continuing to increase, the composition of the types of dwellings being consented is changing.

Stand-alone houses remain the biggest dwelling type with 22,697 consented in the year to September. But their numbers were down 10.9% compared to a year earlier, while the number of multi-unit dwellings is increasing.

There were 20,779 townhouses and home units consented in the September year, up 37.2% compared to the previous 12 months, plus 4372 apartments, up 4.3%.

Retirement village units accounted for another 2884 dwellings, up 9.8% on the previous year - see the interactive chart below for the monthly trends in dwelling types.

Auckland had the lion's share of consents with 21,985 new dwellings consented in the year to September, up 10.6% from the previous 12 months, followed by Canterbury with 8718 +18.1%, Waikato 4915 -3.0% and the Wellington Region 3819 +10.3%.

The total estimated build cost of the new dwellings consented in the year to September was $20.451 billion, plus another $2.512 billion of residential alterations. That takes the total value of residential construction consented for the year to $22.963 billion, up 14.2% compared to a year earlier.

On top of that $9.387 of non-residential building work was consented in the year to September, up 19.2% compared to the previous 12 months.

That took the total value of all building work consented in the September year to $32.35 billion, up 15.6% year-on-year.

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