More than 13,000 new homes were consented in Auckland in a year for the first time since the 1970s, Stats NZ said today.
A total of 13,078 new homes were consented in the region in the year ended October 2018 – up 25 percent from the year before, and four times as many as the low point in the August 2009 year.
“Home permits in Auckland briefly reached a similar high level in the early 1970s, when Auckland’s population was less than half what it is now,” acting construction statistics manager Dave Adair said.
“The number of new homes consented also came close to 13,000 in the June 2004 year.”
Over the past year, only 48 percent of consented new homes in Auckland were stand-alone houses (74 percent across the rest of New Zealand). The remaining 52 percent were apartments, townhouses, retirement village units, and flats.
In the year ended October 2018, a total of 32,925 new homes were consented in New Zealand – up 6.7 percent from the October 2017 year. Auckland was the main driver of this increase, followed by Wellington. The picture was mixed for other parts of the country, with the largest annual declines being in Canterbury and Bay of Plenty.
Home consents up in October month
Nationally, the number of new homes consented rose 1.5 percent (seasonally adjusted) in October 2018, reversing a 1.3 percent fall in September.