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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 graph

Year Real value of building consents authorised ($m) (annual - Jun)
1991 389
1992 343
1993 359
1994 427
1995 518
1996 517
1997 653
1998 693
1999 682
2000 705
2001 636
2002 652
2003 794
2004 1,158
2005 1,303
2006 1,236
2007 1,368
2008 1,215
2009 955
2010 874
2011 754
2012 744
2013 849
2014 1,040
2015 1,058
2016 1,425
2017 1,505

What is this indicator telling us? 

  • There was a slump in building activity in the Waikato region during the period 2008 to 2012, followed by a gradual recovery.
  • Latest results for the year to June 2017 show a rapid rise in building activity to new record levels. New Zealand overall is in the midst of its largest building boom ever.
  • According to Statistics New Zealand (SNZ) figures, for the Waikato region there was around $1.51 billion of consents issued for new buildings during the year to June 2017. This sets a new record compared to the peak $1.37 billion value (in 2017 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.

Click here to view report cards

 


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 2017 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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