Property

Housing consents fall in August

The number of new dwelling consents issued fell in August, pointing to a cooling in the construction industry.

Monday, October 04th 2004

On a seasonally adjusted basis there were 2176 consents issued for new dwelling units in August, down 4.8% from the previous month, according to data released by Statistics New Zealand today.

This was the second month in a row numbers have fallen. A revised 2286 consents were issued in July, down 34.6% on June. Looking at the trend series, which strips out seasonal factors, 2249 building consents were issued in August, down 3.3% on July. This was the seventh consecutive month the trend series has fallen.

But annual totals remained high, with consents for 32,169 new dwelling units issued in the year ended August, up 9% on the year-earlier.

The total number of new dwelling units for the year was the largest total recorded for an August year since 1974.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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