Property

Housing consent numbers back to 1982 levels

Consents for new homes have fallen to the lowest level since records began - 1982.

Thursday, May 05th 2011

Statistics New Zealand (SNZ) said the number of new homes authorised, including apartments, has fallen 28% since April to be at its lowest point since 1982.

In March consent were issued for 1047 new homes - excluding apartments - and 40 new apartment units.

The figures came as no surprise to Registered Master Builders Federation (RMBF) chief executive Warwick Quinn.

"The construction sector is well into its third year of recession and the contraction is picked to continue for most of the year," he said.

Citing the Canterbury earthquake rebuilding, the Auckland housing shortage and the leaky home repairs he said the "continuing loss of capability" at the exact time it is needed is a serious issue.

"It is imperative the construction sector does not contract further as the industry will struggle to cope when the market eventually responds. We simply cannot afford to lose any more skilled trades people at a time when we need them the most."

SNZ figures revealed of the 16 regions, fewer new homes were authorised in 12 of them while Canterbury, Waikato and Otago saw the greatest falls.

The value of consents issued for residential buildings stood at $420 million in March 2011 down 20% on the year earlier.

The value of non-residential buildings fell 0.2% to $344 million.

 

 

 

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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