9 Jan 2014

Consents for apartments rise

1:40 pm on 9 January 2014

Building consents for new apartments jumped 11% in November, Statistics New Zealand says.

Official figures show 492 apartment consents were issued, the highest number in a single month since April 2008, and 1775 consents were issued for houses.

Excluding apartment consents, which can be volatile from month to month, the figure for consents fell 0.5%.

ASB economist Christina Leung says it's particularly encouraging to see a rebound in dwelling consents in Auckland which accounted for more than a third of all consents in November.

The value of all building work totalled more than $1 billion.

Of that, $40 million was for earthquake-related in Canterbury and included 64 new homes.