Page 16 - HW Oct 2022

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1600
stats watch 1200
1000
800
600
400
200
Residential building consents – Value – Sept 2020-Aug 2022
(Total residential consents, incl. adds & alts, unadjusted value). Source: Statistics NZ
2400
212100
1000 2000
1800 900
1600 800
1400 700
1200 600 1000 500 800
400 600
300 400
200 100 0
1100 1000
(New dwellings authorised, unadjusted, number of units, including apartments) Source: Statistics NZ
1400
0
Residential building consents – Volume – Sept 2020-Aug 2022
• Allconstruction:$3.2billion (+17.0%).
By volume, 4,547 dwellings were
consented in the month (+0.9% on August 2021), 2,620 of which (57.6%) were multi-unit homes (townhouses, apartments, retirement village units, and granny flats) compared to 1,927 standalone houses.
For year-to-date August 2022, consent values were as follows:
• Residential:$22.8billion(+16.1%on
YTD August 2021)
• Non-residential:$9.2billion(+14.3%) • Allconstruction:$32.7billion
(+16.2%).
In the year ended August 2022, 50,653 new dwellings were consented (+8.9% on YTD August 2021), led again by Canterbury (+23%), Wellington (+18%), Auckland (+7.7%) and Waikato (+3%).
Indeed, the number of homes consented in Canterbury in the year ended August 2022 is now well above the post-earthquake rebuild peak of 7,308 in the year ended December 2014.
Nationally, 27,593 multi-unit homes were consented in the year ended August 2022 (+30% on YTD August 2021), compared to 23,060 standalone houses (–8.9%).
YTD August 2022, growth in the consent value of non-residential buildings was driven by offices etc (+42%), storage buildings (+37% on YTD August 2021), and education (+16%).
The number of dwellings consented per 1,000 residents across New Zealand was 9.9 for the year ended August 2022, compared with 9.1 in the year ended August 2021.
The record number of new dwellings consented per 1,000 residents was 13.4 in the year ended December 1973.
Stats NZ’s September 2022 building consent data is scheduled for release
on 1 November, while October’s will be released on 30 November. Look to www. hardwarejournal.co.nz for the most timely updates.
900
800 5500
700 5000
600 4500
500 4000 2400
400 325200
300 23000
12800 2500
11600 2000
1400 1500
1200 1000
1000 500
800 0 600
400 5500 200
5000 0
4N50o0n-residential building consents – Value – Sept 2020-Aug 2022 (Total non-residential consents, unadjusted value) Source: Statistics NZ
4000
315100
1000 3000
25900 20800
15700
1000 600
500 500
0 400
300 200 100
0
14 NZHJ | SEPTEMBER/OCTOBER 2022
MORE AT www.hardwarejournal.co.nz
“Multi-unit consents continue to drive residential growth”
Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22
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Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22
$ millions
$ millions
5500