Building consents continue to surge in Western Bay
During the first five months of 2019 there has been a continued growth in construction activity, with the combined Tauranga/Western Bay sub-region issuing two per cent more building consents by value than at the same time last year.
Individually, Tauranga has slowed a little and is three per cent behind last year, however Western Bay has surged ahead this month and is now 22 per cent ahead by value.
“As noted in previous reposts this year, the growth has not been smooth, with two-year highs and lows being recorded close together and sometimes in consecutive months,” says a report by Priority One.
“Year to date, Tauranga had a strong January month, a quiet February month, a record-breaking March and then a slowdown in April and May.
“Western Bay’s consents formed the opposite pattern, starting strongly, having a record setting February, a slowdown in March and April, and then a very strong May.
“This demonstrates that building consents can fluctuate considerably month to month and any significant changes can be more a quirk of processing than setting a new trend.
“Tauranga is currently holding steady, issuing $67 million over 236 consents during May. This includes the highest number and value of consents for new residential dwellings issued since September 2018. There has been a slowdown in commercial consents issued in May after high values recorded in the first four months, including the highest value ever recorded in March.
“Western Bay district had a very strong month in May, issuing the second highest value of consents over the last two years and the highest number of consents over the same timeframe. They also set a new two-year record for the value of residential new builds, while the value of commercial consents was the second highest over the last two years.
“The high number of consents issued by both local authorities during May is largely as a result of a lot of small consents for residential heating systems being issued, as is usual for this time of year.
“Details on all consents issued by Tauranga City Council and Western Bay of District Council during May are outlined on pages three and four of this report. In addition, Priority One has records going back to 2004 where different categories of consents issued can be compared.”
May 2019 Summary – Tauranga City:
Total value was $67.3m, less than last month’s $80.5m and also less than the $113.2m in consents issued in May 2018 which was the two-year high. The low over the same period was $45.5m in consents issued in December 2018.
Total number of consents issued was 236, more than last month’s 186 but less than the 252 consents issued in May a year ago. The two-year high was 275 consents issued in June2 017, while the low was 130 consents issued in December 2017. There are often high numbers of low value consents issued in May/June due to the installation of residential heating systems.
Single/multi dwelling consents were valued at $42.2m, more than last month’s $28.8mbut less than the $46.3m in consents issued in May 2018. The high over the last two years was $75.5m in consents issued in November 2017, while the low was $22.2m issued in December 2017. The number of consents issued in this category was 97, more than last month’s 67, but less than the 115 consents issued in May 2018. The two-year high was 135 consents issued in June 2017, while the low over the same period was 51 consents issued in December 2018.
May 2019 Summary – Western Bay of Plenty District:
Total value of consents was $36.8m, well ahead of last month’s $12.5m, which was the two-year low, and also more than the $21.8m in consents issued in May 2018. This is the second highest value over two years after the $40.7m issued in February this year.
Number of consents was 144, more than last month’s 69 and the 135 consents issued in May 2018. This marks a new two year high, with the low being68 consents issued in December 2018.
Single/multi dwelling consents were valued at $21.4m, more than last month’s $8.7m, which was the two-year low, and also ahead of the $14.9m in consents issued in May 2018. This marks a new two year high. The number of consents issued was 49, more than last month’s 21 and the 37 issued in May 2018. The two-year high was 51 consents issued in September 2017, while the low over the same period was 19 consents issued in December 2018.