New dwelling consents continued their steady rise in Auckland in April, but dropped back in most other parts of the country.
The latest figures from Statistics NZ show that 2729 new dwellings were consented throughout the country in April, down from 2926 in March but up by 29.6% compared to April last year.
In the 12 months to April 32,015 new dwellings were consented nationally, up 5.4% compared to the previous 12 months.
However in Auckland, where the housing shortage is greatest, new dwelling consents continued their steady rise, with 1163 new homes consented in April compared to 1082 in March and just 726 in April last year.
The other good news for Auckland is that the average value per new consent dropped back to $349,097 in April , compared to $390,018 in March, suggesting much of the increase in new homes being built is at the more affordable end of the market.
However the figures were more subdued in most other major centres, with the number of new dwelling consents issued in Waikato, Wellington, and Canterbury all showing major falls compared to March, and smaller falls recorded in most other regions.
The figures also show a clear trend to more multi-unit housing with 3536 apartments consented in the 12 months to April, up 23% compared to the previous 12 months, while retirement village consents were up 15.3% and townhouses/units were up 9.3%.
Although stand alone houses remain the predominant type of new home being consented by a substantial margin, the 21,009 houses consented in the 12 months to April was down 0.8% compared to the previous 12 months.
On the commercial property front, $529 million of non-residential building work was consented in April, up 28.8% compared to April last year.
The total value of all building worked consented in April (residential and non-residential) was $1.67 billion, up 23.6% compared to April last year.
In the 12 months to April, $21.1 billion of new building work was consented, up 8.5% compared to the previous 12 months.
The interactive charts below track residential building consent trends over nearly 20 years.