New Zealand building consents rose 5.7% mom in February verusus 0.0% mom in January.
Key facts from noted in the release:
- The seasonally adjusted number of new dwellings consented rose 5.7%.
- In the year ended February 2018, 31,245 new dwellings were consented, up 3.6%.
- The annual value of building work consented was $20.4 billion, up 9.9% from the February 2017 year.
Regional numbers of new dwellings consented in the February 2018 year were:
- Auckland – up 10% to 11,052
- Waikato – down 1.2% to 3,469
- Wellington – up 20% to 2,432
- Rest of North Island – up 0.6% to 5,794
- Canterbury – down 14% to 4,962
- Rest of South Island – up 17% to 3,532 – driven by Otago
All building consents
Including alterations, the value of all building work consented in the year ended February 2018 was $20.4 billion, comprising $13.7 billion of residential work and $6.8 million of non-residential work. The annual total value rose 9.9 percent when compared with the February 2017 year.
