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Source: Reuters -
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Residential building consents rose 11% in October, the highest number of consents since June 2008, according to the latest figures from Statistics New Zealand.
Consents for 1,321 new dwellings were authorised. The rise, which does not include apartments, builds on the 3.5% increase recorded in September.
Including the 103 consents for apartments, the number of new housing units overall rose 12% following a 5.5% rise the previous month.
Statistics New Zealand says the trend for the number of new dwellings authorised (not including apartments) has increased by a third since March 2009 following a series of falls that began in July 2007.
Regionally, Auckland, Otgao and Taranaki recorded the biggest increases in consents.
The biggest decreases were seen in the Bay of Plenty, Southland and Gisborne.
The value of residential building consents also grew - up 9.5% compared with October 2008 to $481 million.
Statistics New Zealand says the trend for the value of residential building consents has increased 18% since April this year, following a series of falls that began in July 2007.
While the value of residential building consents rose, non-residential consent values dropped 5.6% in October compared with the same month last year.
The largest declines in the value of consents were for farm and industrial buildings, down $26 million and $20 million respectively.
The largest increase in value was for the social, cultural and religious buildings category which rose to $57 million mainly due to sports facilities.
Statistics New Zealand says the value of consents issued for all buildings in October 2009 was $810 million, up 2.8% on October last year.
