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Consents remain at record levels – Stats NZ

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There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today.

“The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said.

“The annual number of new homes consented has been setting new records since March 2021 when the previous high (in the year ended February 1974) of 40,025 was surpassed for the first time.”

The number of homes consented per 1,000 residents across New Zealand was 9.3 for the year ended October 2021, up from 7.5 in the October 2020 year but below the series high of 13.4 in the year ended December 1973.

“The nature of homes has changed since the 1970s, including a shift towards building bigger houses in recent decades,” Mr Heslop said.

Regional highlights

The region with the highest number of new homes consented in the year ended October 2021 was Auckland, with 19,936 (up 27 percent compared with the year ended October 2020). This was followed by:

  • 7,500 in Canterbury (up 31 percent)
  • 4,956 in Waikato (up 23 percent)
  • 3,483 in Wellington (up 14 percent).

“It is interesting to note that the number of new homes consented in Canterbury is now higher than during the 2014 post-earthquake peak when a record 7,308 homes were consented,” Mr Heslop said.

Seasonally adjusted number of new homes down

The seasonally adjusted number of new homes fell 2.0 percent in the month of October 2021, following another 2.0 percent fall in September 2021.

The actual number of new homes consented in the month of October 2021 was 4,043, up 10 percent from the October 2020 month.

Non-residential building consents reach $8 billion

The value of non-residential building consents reached $8.03 billion in the October 2021 year, crossing the $8 billion threshold for the first time. The biggest contributors to this were:

  • education buildings at $1.54 billion (up 45 percent compared with the year ended October 2020)
  • factories and industrial buildings at $1.11 billion (up 56 percent)
  • storage buildings at 1.02 billion (down 2.2 percent).

The value of non-residential building consents can be influenced by price changes. Non-residential construction prices (as measured by the capital goods price index) were up 6.3 percent in the September 2021 quarter compared with the September 2020 quarter.

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