Apartments boost housing consents
The number of apartments that received building consents last November was the highest in almost five years, leading to an 11 per cent rise for new dwellings overall.
The seasonally adjusted Statistics New Zealand figures, released today, show that excluding apartments, the number of new houses approved fell 0.5 per cent.
In unadjusted terms, 1775 new houses and 492 apartments were given consents in November.
Statistics New Zealand industry and labour statistics manager Blair Cardno said: "The trend for new houses has been increasing since early 2011 and is at its highest level since early 2008."
Auckland had 34 per cent of the consented dwellings in November, while Canterbury accounted for 24 per cent.
The value of all building work consented was $1.09 billion.
Earthquake-related consents in Canterbury contributed $40 million towards that total and included 64 new houses.
- Fairfax Media