1 May 2014

Growth of housing consents continues

7:53 am on 1 May 2014

The trend for about 20 percent year-on-year growth in consents for new houses is continuing, and Auckland and Canterbury are unsurprisingly, leading the way.

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Photo: RNZ

Official figures showed the number of new homes, including apartments, rose a seasonally adjusted 8.3 percent last month.

Excluding volatile apartment consents, the increase was 1.3 percent.

Consents for the 12 months to March were 29 percent higher than the previous year.

The trend is at its highest level since September 2007, but is still 28 percent below the series peak in January 2004.

Building consents issued for Auckland and the Canterbury region accounted for 58 percent of the

national total.

A Westpac senior economist, Michael Gordon, said the pick-up in consents was in line with expectations.