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Statistics New Zealand says Auckland has for the first time exceeded $1 billion in building consents.
The monthly value for September of this year for buildings consents issued in Auckland accounted for 44 percent of the national total that is $2.4 billion.
Auckland region makes about one-third for New Zealand’s population.
“This is the first time a region has issued more than $1 billion worth of building consents in a single month, with more than $700 million coming from residential projects,” acting construction statistics manager Bryan Downes said.
“This reflects both the rising volumes of building consents and higher construction costs.”
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