Page 18 - HW April 2022

stats watch
Value of building work put in place – Dec 2021 quarter
“The December quarter reflected a return to work with the total actual value of building work put in place +17% on 2020”
By value, the February 2022 numbers were as follows:
• Residential:$1.9billion(+30.7%on
Feb 2021).
• Non-residential:$716million
(+19.5%).
• Total:$2.6billion(+27.6%).
By volume, after January’s negative growth, 4,195 new dwellings were consented in the February 2022 month (+34% on Feb 2021), of which 46% were standalone houses, 44% townhouses, flats & units, 5% apartments and 4% retirement village units.
For the year to date February 2022, consent values were as follows:
• Residential:$21.7billion(+29.9%on
(Unadjusted value.) Source: Statistics NZ
8500 Residential 8000
7500 7000 6500 6000 5500 5000 4500 4000 3500 3000 2500 2000 1500 1000
500 0
Non-residential All
Residential building consents – Value – Mar 2020-Feb 2022
(Total residential consents, incl. adds & alts, unadjusted value). Source: Statistics NZ
2200
2000
1800
1600 2200
1400 2000
1200 1800
1000 1600
800 1400
600 1200
400 1000
200 800
0 600
400
200 1000
(Total non-residential consents, unadjusted value) Source: Statistics NZ
• •
YTD Feb 2021).
Non-residential: $8.3 billion (+15.7%). Total:$29.9billion(+25.7%).
In the year ended February 2022,
0 900
49,733 new dwellings were consented, +25.3% on YTD Feb 2021, led by Northland (+46% albeit small numbers), Canterbury (+42%), Otago (+27%), Wellington (+24%), and Auckland (+22%).
YTD February 2022, the national number of new dwellings consented per 1,000 residents was 9.7, compared with 7.8 in the Feb 2021 year.
The record number of new homes consented per 1,000 residents was 13.4 in the year ended December 1973.
YTD February 2022, growth in the consent value of non-residential buildings was again driven by factories (+47%) and education buildings (+11%).
Stats NZ’s March 2022 building consent data is scheduled for release on 3 May while the March 2022 quarter’s Value of Building Work put in Place is due on 3 June, so look to www.hardwarejournal.co.nz for the most timely updates.
MORE AT www.hardwarejournal.co.nz
Non-residential building consents – Value – Mar 2020-Feb 2022
800
1000 700
6900 5800 4700 3600 2500 1400 300 200 100
0
5000 4500
16 NZHJ | APRIL 2022 4000
Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 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-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 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
Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21
$ millions
$ millions
$ millions
355000