Consents soar, building booms
Timaru experienced a 38.8 per cent rise in new house consents in June, compared with May, and the growth is set to continue.
In May, 18 consents for new homes were issued in the Timaru district, with 25 in June. That was almost double the number in June 2013, when 13 were issued.
The overall number of consented dwellings was up in nine of the country's 16 regions in the June year, with Canterbury in the lead, followed by Waikato and Auckland.
The busiest month for new home consents in Timaru in the last year was in August 2013, when 27 consents were issued. The average over the past 12 months was 18.
Registered Masterbuilders Association acting chief executive Brendon Ward said this growth was generally set to continue for the Timaru region and nationally.
"There has been an overall increase in building consents and that is a good thing," he said.
"The biggest increase is in the Canterbury region which is performing really well and is over-inflating the figures from the rest of the country."
Ward said the rise was proof of a more buoyant market and showed an improvement in the building and reconstruction sector. Nationally, for the year ending June 2014, the value of building consents increased by 21 per cent overall. Residential buildings were up 27 per cent and non-residential buildings 11 per cent.
"This is typical of the economy going from bust to boom."
Nationally, including apartments, the seasonally adjusted number of new dwellings consented rose 3.5 per cent.
The number of new homes, including apartments, has more than doubled since March 2011. Statistics New Zealand figures showed the trend being at its highest level since August 2007.
- The Timaru Herald