Stats NZ says November was a billion dollar-plus month for residential consents (see chart above).
The total value of all building work consented in November 2015 was $1.6 billion. For November 2015 compared with November 2014:
- Residential work was up $196 million (+23%) to $1.1 billion.
- Non-residential work was up $105 million (+25%) to $531 million.
VOLUMES REACH 10-YEAR HIGH
In terms of residential volume, 2,831 new dwellings were consented in November 2015, which is the most in a month since March 2005, when 3,027 new dwellings were consented (see chart below covering the last 24 months only).
Fully a third of those consents were multi-unit consents:
- 1,864 houses.
- 270 apartments.
- 321 retirement village units.
- 376 townhouses, flats, and units.
Click here for Stats NZ's full report on November's numbers and see the next issue of NZ Hardware Journal for the full details.
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