Page 17 - HW November 2019

stats watch
Statswatch Aug-Sep 2019
BUILDING-RELATED DATA covering the August-September period show no real changes to recent patterns.
• September debt is par for the course.
• August consents return to single digit growth.
GLASS DSOS PUSH OUT
The stats for September from CreditWorks Data Solutions (www.creditworks.co.nz) paint a picture of payments and debt that’s consistent with recent years.
“Overall DSOs remained fairly steady, as expected,” says Alan Johnston, adding: “However, we did see a bit of a ‘blow- out’ in the Glass sector.
“Already at a level higher than all the other industry sectors, this sector continued to decline and is now averaging over 65 days.”
Debt levels on the CRISworks database remained at over $2 billion exposure, down a little on last month.
“This is consistent with previous years, where the trend is a slight drop-off of work during the wetter, shorter months.”
Looking further out, says Alan Johnston: “I expect we will see a reverse in this trend over the next few months as the drier, longer days result in more production in the housing sector.”
AUGUST CONSENTS: SINGLE DIGIT GROWTH
August 2019’s consent data from Stats NZ (www.stats.govt.nz) again confirms the trend for residential growth to alternate between single and double digit values and back to single digits, while non-residential consent values also continue to yo-yo.
Consents for the August 2019 month were as follows: • Residential: $1.4 billion (+4.5% on August 2018).
• Non-residential: $552 million (–7.8%).
• Total building: $1.9 billion (+0.7).
By volume, the actual number of new dwellings consented
(3,261) was +6% on August 2018, but –5% on July 2019, comprising:
• 1,955 standalone houses.
• 735 townhouses, flats & units.
• 340 apartments.
• 231 retirement village units.
MULTI-UNIT DRIVES YTD CONSENTS
Consent values for YTD August 2019 were as follows:
• Residential: $15.3 billion (+7.6% on YTD August 2018). • Non-residential: $7.5 billion (+12%).
• Total building: $22.8 billion (+9%).
“In the year ended August 2019, 35,658 new dwellings were consented. That’s still a lot less than the peak of 40,000 recorded in the mid-1970s”
In the year ended August 2019, 35,658 new dwellings were consented. That’s +8.8% on the August 2018 year but still a lot less than the peak of 40,000 recorded in the mid-1970s.
By region, the number of new dwellings consented in the year ended August 2019 (compared with the August 2018 year) were:
• Auckland: 14,345 (+11% on YTD August 2018).
• Waikato: 4,048 (+16%).
• Wellington: 2,747 (+2%).
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NOVEMBER 2019 | NZHJ 15
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