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Residential building consents – Value – Jan 2019-Dec 2020
(Total residential consents, incl. adds & alts, unadjusted value). Source: Statistics NZ
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“Although denser housing types have continued to grow, it’s a surprise to see that the 2020 consent value for multi-unit homes was +11%, while standalone houses were just +0.5%”
• Non-residential:$686million (+16.3%).
• Total:$2.2billion(+24.7%).
By volume, 3,751 new dwellings were
consented in the month (+26.9% on Dec 2019).
For the 2020 calendar year, consent values were as follows:
• Residential:$16.5billion(+3.5%on
YTD Dec 2019).
• Non-residential: $7.0 billion (–5.6%). • Total:$23.5billion(+0.6%).
By volume, 39,420 dwellings were consented in 2020 (+4.8% on 2019).
When it comes to the value of residential consents, although denser housing types have continued to grow, it’s still a bit of a surprise to see Stats NZ reporting that the 2020 consent value for multi-unit homes increased by nearly 11%, while standalone houses grew by a meagre 0.5%.
Indeed, consents for townhouses, flats & units rose from 8,208 in the 2019 year to 11,603 in 2020 and now make up nearly a third of all new homes consented.
By region for the year, Auckland showed most volume growth in dwellings (+9.9%), followed by Canterbury (+11%) and the Rest of the North island (+8%).
Surprisingly, 2020’s residential consents in the Waikato fell (–5%) as they did for Wellington (–5%) and the Rest of the South Island (–10%).
Stats NZ’s building consent data for January 2021 is scheduled for release on 3 March, followed on 5 March by the December 2020 quarter Value of Building Work put in Place.
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(New dwellings authorised, unadjusted, number of units, including apartments) Source: Statistics NZ
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Residential building consents – Volume – Jan 2019-Dec 2020
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Non-residential building consents – Value – Jan 2019-Dec 2020
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14 NZHJ | MARCH 2021
MORE AT www.hardwarejournal.co.nz
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$ millions
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