Update on housing

 

This came in from the Chief Economist of Auckland Council:

Auckland Monthly Housing Update for July

Auckland Council’s Research and Evaluation Unit (RIMU) has released its Monthly Housing Update for July, bringing together the latest significant Auckland housing-related statistics.

Key findings:

• 1530 dwellings were consented in May 2018 – up more than 350 on last month and almost double the amount consented in May 2017.
• In the year ending May 2018, 12,274 dwellings were consented in the region.
• 46 per cent of new dwellings consented in May 2018 were houses, 27 per cent were apartments and 26 per cent were townhouses, flats, units, retirement units, or other types of dwellings.
• 84 per cent of dwellings consented in May 2018 were inside the 2010 Metropolitan Urban Limit. Over the past 12 months, 82 per cent of new dwellings consented were inside the 2010 MUL.
• 1364 dwellings were ‘completed’ by having a Code Compliance Certificate (CCC) issued in May 2018.

The full report can be found on Knowledge Auckland here.

 

From Auckland Council Director Regulatory Services Penny Pirrit: 

“The building consents team processed almost 600 more Code Compliance Certificates (CCC) in May than in the previous month. This is an impressive effort from the team and is helping make more housing available for Aucklanders. 

“1364 dwelling units had received CCCs in May 2018, including three large scale apartment buildings and one large scale retirement village. Seventy-nine per cent of the CCCs were issued to dwelling units that had building consents granted within the past two years.”

 

From Auckland Council Chief Economist David Norman: 

“A total of 1,530 new residential dwellings were consented in May. This is the highest figure ever consented in a May, and follows a similarly record-breaking result in April. This brings total annual consents to 12,274, the highest since September 2004, and only 5% below the highest ever annual recorded figure. The mix was 46% stand-alone houses, and roughly 27% each for apartments and other multi-unit dwellings. 

“This result is not what I was expecting. After last month’s exceptional growth, it was quite possible we’d see a month of consolidation, so by any measure, this is an exceptional result.  This brings the growth pattern back almost in line with the pattern we saw pre-April 2016.”

-ends-

 

Most of the developments are actually in Brownfield areas (intensification) and that was confirmed by Deputy Mayor Bill Cashmore earlier in year. Since the Unitary Plan went live Developers have begun to favour Brownfield development over Greenfield sprawl. Yes there are still issues with construction and consenting but supply is coming through after nine years of going backwards.

 

This is the housing type split:

I wonder how KiwiBuild will affect the numbers as that ramps up to full power?