The 12-month running total for residential building consents stood at 23,975 in August 2014. Year-on-year, residential building consents were up 23 percent with consents for residential housing in Canterbury, Auckland, Otago and the Waikato leading the way. Annualised totals, as shown in the figure below, indicate that consents could potentially go back to the 26,000 mark seen in August 2007, and are well ahead of the 13,500 consents witnessed in the 12 months to August 2011.
The 12-month running totals for the Canterbury region have steadily increased, as shown in the figure below. In the 12-months to August 2014, 6,900 new consents were issued, up from the 4,880 consents issued in the 12-months to August 2013. In the Auckland Region, the 12-month running total has also steadily increased, but not as sharply as the pick-up in Canterbury.
Statistics New Zealand report that not all earthquake-related consents can be identified but estimate the value of consents identified as earthquake related at $76 million in August 2014, with $59 million of this for residential building work.
In the 12-months to August 2014, approximately 12,180 non-residential building consents were issued up less than one percent on the 12 months earlier. The number of new consents issued for farm buildings was up approximately 14 percent in the 12 months to August, while there was a 1.5 percent increase in the number of consents for office buildings.
Consents were down across the other building categories in the last 12 months. However, over the last three months, the number of consents for storage and social buildings were up 13 and six percent respectively. Social buildings include community halls, crèches, gyms and fitness centres, and sports facilities.
The value of consents for office buildings has taken a big step in the last quarter and the last 12 months. The value of these consents rose by 36 percent in the 12 months to August, while those of farm buildings and social buildings rose by 26 and 21 percent respectively. This increase in value has been largely driven by the size of the buildings being put in place, as opposed to the number of new office buildings. The figure below of new consents for office buildings in the Auckland and Canterbury regions by area consents, illustrates this change.