New dwelling consents down in January
The number of building consents issued for new dwelling units in January fell to 2281 on a seasonally adjusted basis, down 7.2 per cent compared to December, according to Statistics New Zealand (SNZ).
Tuesday, March 1st 2005, 5:33AM
by The Landlord
January was typically a slow month for building consents, mainly due to the summer holiday season, SNZ said in a statement .On a trend basis, which removes seasonal influences, consents for 1793 new dwelling units were issued in January.
Looking at the year ended January, consents for 30,544 new dwelling units were issued, down 0.2 per cent on the previous year.
Apartments accounted for 13 per cent of new dwelling units for the month, compared to 25 per cent in November and December last year. Consents for 237 new apartments were issued in January.
The total trend value of consents issued for non-residential buildings was $242 million, up 11 per cent on January last year. The trend for the value of non-residential buildings has risen 28 per cent since January last year.
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