Strong lift in July building consents

The number of consents for new dwellings lifted strongly last month, particularly when apartment numbers were excluded.

Statistics New Zealand (SNZ) today said consents were issued for 1214 new dwellings in July. Of those just 55 were for apartments, the lowest number since last October.

The seasonally adjusted number of new housing units authorised, excluding apartments, rose 11.2 per cent from June, following a 3.8 per cent rise in June.

Although the level was still low, it was at its highest since last September, SNZ said.

Including apartments, the seasonally adjusted number of new housing units authorised rose 5 per cent, following a fall of 9.6 per cent in June.

ASB economist Jane Turner said the July figures suggested the construction industry was close to reaching a turning point.

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Posted: 28 Aug 2009

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