“August 2020 saw the annual number of townhouses, flats, and units consented go over 10,000 for the first time since the series began in the early 1990s,” acting construction indicators manager Dave Adair said.
NumberNew townhouses, flats, and units consented, rolling annual, March 1991–August 202020002010202019952005201502.5k5k7.5k10k12.5kStats NZJune 2006? New townhouses, flats and units consented, rolling: 2 693
The total number of new homes consented in the August 2020 year was 37,467.
Monthly consents stable
The number of new homes consented in August 2020 was 3,147. When accounting for seasonality, there was a small increase of 0.3 percent from July 2020. Seasonally adjusted values can be influenced by the timing of large multi-unit projects.
“We have seen the number of new homes consented remain quite stable over the last three months, following some dramatic movements between March and May when the nation-wide lockdown had the biggest impact,” Mr Adair said.
“The strong consent numbers for new homes in recent months means that there is a relatively large amount of residential building work planned for the future.”
Most residential building work is typically completed within a year or two after the consent has been issued. However, building work may have been impacted by the effects of COVID-19, with many projects experiencing significant delays in their completion dates.
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