Thumbs-up for 400 new homes
New-home construction is rising in Christchurch and Canterbury, with the region showing the highest monthly number of new dwellings in more than five years.
The number of building consents issued for new homes in November totalled 413, ''the highest monthly number for over five years'', Statistics New Zealand said today.
Its figures show consent for 413 new houses and units from councils in November. This was up from 333 in October, 396 in September and 394 in August.
Of the 413 approved, 141 were in Christchurch City and 272 in other Canterbury districts.
There were 242 consents in the region in November 2011.
Statistics New Zealand said the number of new houses consented nationally rose in November 2012, continuing the trend of the past 20 months.
"Since the latest low point in March 2011 we have seen continuous steady growth in the trend for the number of new houses consented," Statistics New Zealand industry and labour statistics manager Blair Cardno said.
"The trend for new houses, including apartments, has climbed 45 per cent over the 20 months to November 2012."
Excluding apartments, the trend for new houses was up by 41 per cent since March 2011, he said.
Nationally, in November 2012 there were consents for 1658 new houses, including apartments, up 20 per cent from November 2011.
There were consents for 1619 new houses, excluding apartments, up 27 per cent from November 2011. There were consents for 39 new apartments, down from 109.
Canterbury led the increase in the number of new houses in November 2012, up 171 from a year ago, Cardno said.
Earthquake-related building consents in Canterbury totalled $59 million last November.
The region with the second-largest increase in the number of new houses consented was Otago, up 49.
Nationally, the value of consents for all buildings rose 15 per cent to $1053m.
- © Fairfax NZ News
Should it be compulsory for sellers to declare EQC/insurance payouts?Related story: Problems in 'as-is' market