New Zealand reports housing boom
New Zealand has had its best year for housing work since the global downturn began
Statistics New Zealand reported that 21,300 dwellings were consented across the country in 2013.
This was up by a quarter from the previous year, and represented the highest annual figure since 2007.
The sharp rise in home building was led by the growth of Auckland and the rebuilding of earthquake-damaged Christchurch.
Auckland, the country’s biggest city by far, saw 6,309 home approvals last year, a figure up by more than a third from the previous year.
Canterbury, the South Island district that contains Christchurch, had 5,762 approvals, up 43 per cent on the prior 12 months.
Annual approvals were up by a quarter to 1,573 in capital city Wellington; and up a similar amount to 2,245 in the North Island region of Waikato.
The total value of building work consented in 2013 was up by a fifth to NZ$12.1bn (£6bn). Almost two-thirds of this was residential work.
AJ reported earlier this month that a surge in apartment building was boosting the residential design sector in New Zealand.
In December, 2,035 new dwellings were consented across the country, including 473 apartments