Page 16 - HW July 2022

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stats watch 1200
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Residential building consents – Value – June 2020-May 2022
(Total residential consents, incl. adds & alts, unadjusted value). Source: Statistics NZ
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18900
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For the year to date May 2022, consent values were as follows:
• Residential: $22.5 billion (+22.6% on
YTD May 2021)
• Non-residential: $8.9 billion
(+12.3%)
• Total: $31.4 billion (+19.5%).
In the year ended May 2022, 50,931 new dwellings were consented (+17.2% on YTD May 2021), led by Canterbury (+34%), Auckland (+17%) and Waikato (+12%).
Most noteworthy again were the 26,479 multi-unit homes consented in the year ended May 2022 (+36% on YTD May 2021), compared to 24,536 standalone houses (+2.1%).
YTD May 2022, growth in the consent value of non-residential buildings was driven by storage buildings (+28% on YTD May 2021) and offices etc (+25%).
“Despite growing concern about how many consents will actually
be built, figures for the May 2022 month show intentions to build remain at record levels”
The number of dwellings consented per 1,000 residents across New Zealand was 10 for the year ended May 2022, compared with 8.5 in the year ended May 2021.
The record number of new dwellings consented per 1,000 residents was 13.4 in the year ended December 1973.
Stats NZ’s June 2022 building
consent data is scheduled for release on 1 August, while the June 2022 quarter’s Value of Building Work put in Place is due on 5 September, so look to www.hardwarejournal.co.nz for the most timely updates.
400 600
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(9N0e0w dwellings authorised, unadjusted, number of units, including apartments) Source: Statistics NZ 800
700 5000
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500 4000 2400
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300 23000
200 1800 2500
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4N50o0n-residential building consents – Value – June 2020-May 2022 (Total non-residential consents, unadjusted value) Source: Statistics NZ
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Residential building consents – Volume – June 2020-May 2022
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14 NZHJ | JULY 2022
MORE AT www.hardwarejournal.co.nz
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$ millions
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