For the full 12-month year, Stats NZ shows 2015's dwelling consents finished +10.7% by value and +10.2% by volume.
Although both substantially down on previous recent years’ growth (see below), the year’s total of 27,132 new dwellings was the highest since 2004, when 31,423 new dwellings were consented.
In 2015, the total value of consents for all building (including alterations & additions) was $16.4 billion, +12% (+$1.8 billion) from 2014.
The year-end value of all residential building was +10%, and for non-residential building +16%.
Dwelling growth around the regions
The number of new dwellings consented during the year increased in 11 of the 16 regions in 2015. The regions with the largest increases were:
The region with the largest decrease was Canterbury with 6,489 consents (–11%), after reaching an all-time high in 2014.
The regions that consented the most dwellings in 2015 were:
Multi-unit drives year-end dwelling volumes
Total dwelling consents for the calendar year showed greatest growth among multi-unit dwellings :
Showing a slowing growth rate, this shows 12-month residential consent totals by volume and value for the 12 months to December 2015:
Year Volume Value
2008 18,456 –27.9%
2009 14,425 –21.8%
2010 15,602 +8.2%
2011 13,695 –12.2% $4.92b
2012 16,929 +23.6% $6.17b +25.4%
2013 21,300 +25.8% $7.90b +27.9%
2014 24,624 +15.6% $9.50b +20.3%
2015 27,132 +10.2% $10.52b +10.7%
Above: Non-residential consent value, 2014-2015.
Non-residential value ups & downs
Education buildings were influential by year end, showing the largest increase among 2015’s non-residential work, to $1.1 billion, +58% from 2014. More than half this increase came from tertiary education buildings, says Stats NZ.
The other significant non-residential increases were:
Consents for offices, administration & public transport buildings had the highest total value, at $1.2 billion although this figure was actually –2.3% on 2014.
The only other decreases for non-residential building consents were:
Both decreases were dairy-related.
Canterbury takes non-residential value lead
In 2015, for the first time on record, and for obvious reasons, the value of non-residential building consents in Canterbury was higher than in Auckland.
The highest value regions for non-residential building consents during the year were:
Note: We have already posted the January 2016 consent figures here.