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  Community » Waikato Progress Indicators - Tupuranga Waikato » Report cards » Building activity

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BUILDING ACTIVITY image

    IMPROVING TREND

Building activity in the Waikato region is rising rapidly.

This indicator is the real value of new building consents issued per year within the Waikato region.

Why is this indicator important?

The value of building consents issued is seen as a leading indicator of economic activity. An increase in building consents is linked with an area’s economic growth, whereas a decrease indicates economic growth is declining.

Building activity


Building activity 2019

Year Real value of building consents authorised ($m) (annual - Jun)
1991 395
1992 348
1993 364
1994 433
1995 526
1996 524
1997 663
1998 704
1999 692
2000 715
2001 646
2002 662
2003 806
2004 1,175
2005 1,322
2006 1,254
2007 1,389
2008 1,233
2009 970
2010 887
2011 765
2012 755
2013 862
2014 1,056
2015 1,074
2016 1,446
2017 1,528
2018 1,675

What is this indicator telling us? 

  • The year to June 2018 showed a further rapid rise in building activity to new record levels. New Zealand overall is in the midst of its largest building boom.
  • According to Statistics New Zealand (SNZ) figures, for the Waikato region there was around $1.67 billion of consents issued for new buildings during the year to June 2018. This sets a new record compared to the peak $1.39 billion value (in 2018 dollar terms) of building consents issued in 2007.

Check out related information on our website and other organisations’ websites listed on our Waikato Progress Indicators’ Useful Links page.

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DATA SOURCE AND SUPPORTING INFORMATION

Time series results are from the Statistics New Zealand (SNZ) InfoShare database(external link) (Number, value and floor area by building type, nature and region (Annual-Mon)). These can be found under Industry sectors > Building Consents – BLD > Number, value and floor area by building type, nature and region (Annual-Mon), selecting Annual - Jun, All buildings, New, Actual and Value.

These SNZ data have been inflation adjusted to June 2018 dollars using June quarter Consumer Price Index (CPI) values(external link).

Secondary indicators available from SNZ include the value and number of new dwelling units and new non-residential buildings authorised.

Update details: Monthly series available online in aggregated year-to-date format. Latest results are published online by SNZ within approximately one month of collection.

Customised data request requirements: Nil

DATA AVAILABILITY – OTHER THAN WAIKATO REGION:

Territorial Authority (TA) disaggregation: Yes.

Other regions: Yes, but not comparable due to the dimensional nature of this indicator (i.e. not reported on a per capita basis). 

New Zealand: Yes, but not comparable due to the dimensional nature of this indicator (i.e. not reported on a per capita basis). 

Other countries/ Organisation for Economic Co-operation and Development (OECD):  No

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