Building consents continue to rise
The latest information on building consents for new dwellings continue to show there is strong, sustained activity in the building sector at levels not seen since the 1970s, says Minister for Building and Construction Jenny Salesa.
“The number of building consents for new dwellings in the year to January 2019 has hit 33,576 – a 44-year high. We haven’t seen these numbers since 1975,” says Jenny Salesa.
Auckland continued to show strong growth for the year to January with the number of new dwellings consented rising by 20 per cent, while Wellington was up 18 per cent. Government-related building consents reached 2,065 for the year, the highest number since 1978.
“The value of non-residential building work consents for the year to January 2019 was $7.1 billion, up 7 per cent from the January 2018 year, which underlines the sustained growth in the sector supported by research released in July last year,” says Jenny Salesa.
The National Construction Pipeline Report forecast national building and construction activity for the next six years, through to 31 December 2023, predicted dwelling consents are expected to increase year-on-year to a forecast high at 43,100 in 2023.