Page 19 - HW June 2019

stats watch
Statswatch Mar-Apr 2019
MARCH-APRIL SHOW both a softening and some growth. • AprildebtandDSOssoftenthankstoshortApril.
• Marchconsentsstillgrowing.
APRIL DEBT & DSO SHOW IMPROVEMENTS
Debt levels for the April 2019 month, courtesy of CreditWorks Data Solutions (www.creditworks.co.nz), show few major changesfromlastmonth.
Aprildebtdownabit–CreditWorks’GM,AlanJohnston, explains:“Theonsetofshorterdays,ashortmonththanksto Anzac Day-Easter period and slightly less activity as a result saw April volumes down a bit on March.
“Nevertheless activity was still higher than this time last year.
“And, if trends continue, we should see activity and current debtlevelsriseinMaywhenthe‘distractions’ofApriland March(theimpactoftax)disappearintheshortterm.”
April’s DSOs down too – Overall, the building sector showed improvementinDSOsinApril.
Sectors that were running a bit high in previous months (eg Building Materials and Concrete) improved their performance while the others stayed relatively steady.
Alan Johnston: “We are already slightly in advance of where we were this time last year, in building sector collection.
“Historically, collection levels are good throughout the winter months, and I suspect we will see further improvement in May.”
MARCH CONSENTS MOTOR ON
Consent data from Stats NZ (www.stats.govt.nz) for March 2019 released in May show more moderate growth than February’s blockbusting consent value and volume numbers.
March month was moderate – In the March month, total consentswereworthalmost$2.1billion(+4.6%onMarch2018), comprising:
• Residential:$1.4billion(+10.6%).
• Non-residential:$672million(–5.9%).
For the month, 3,180 new dwellings were consented (+8.7% on
March 2018), comprising:
• 1,949StandaloneHouses.
• 602Townhouses,Flats&Units. • 455Apartments.
• 174RetirementVillageUnits.
YTD continues positive – Total consents for the year to March 2019 were worth $21.8 billion (+7.3% on YTD March 2018) comprising:
• Residential:$14.7billion(+7.1%).
• Non-residential:$7.1billion(+7.6%).
In the March 2019 year, the non-residential building types
with the highest values were:
• Shops,Restaurants&Bars:$1.1billion(+34%). • Education: $1.1 billion (up 4.8%).
• Storage: $968 million (+20%).
Putting the March 2019 YTD values into context:
2014 $8.4b 2015 $9.7b 2016 $11.0b 2017 $12.7b 2018 $13.7b 2019 $14.7b
By volume,
+29.9% +15.2% +14.1% +14.9% +8.2% +7.1%
YTD March
2019, 34,516 new dwellings were
Residential
Non-residential
$4.4b +13.6% $5.3b +19.6% $5.8b +10.3% $6.5b +11.2% $6.6 +2.6% $7.1b +7.6%
Total
$12.8b +23.8% $15.0b +16.7% $16.9 +12.8% $19.2 +13.6% $20.4b +6.3% $22.0b +7.3%
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JUNE 2019 | NZHJ 17
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