NZ new home consents rise again

The number of consents issued for new homes continued a 20-month growth trend by rising again in November, show figures out today.

Statistics New Zealand said 1,658 building consents in the month was 20 per cent higher than November 2011.

“Since the latest low point in March 2011, we have seen continuous steady growth in the trend for the number of new houses consented,” said industry and labour statistics manager Blair Cardno.

“The trend for new houses, including apartments, has climbed 45 per cent over the 20 months to November 2012.”

Excluding apartments, house consents increased a seasonally adjusted 4.6 per cent from October.

When apartments were included, the seasonally adjusted number decreased 5.4 per cent.

Consent was given to build 39 new apartments in the month, which was 64 per cent lower than a year earlier.

Click here to read the full story on the NZ Herald website.

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