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Building permits continue to drop

PA Wellington Building permits in January continued to decline in the housing industry even though the value of the dwellings showed a slight increase for the corresponding period last year. A total of 987 new houses and flats were authorised in January,, a drop of 2.8 per cent compared with January 1979, according to the Department of Statistics. The value of January’s permits was $31.5 million, an increase of 11.3 per cent over the previous January.

Dwellings authorised for the year . ended January, 1980, was 15,550 compared with 19,183 for 1979 and 23,237 for 1978. A feature of the dwelling permits for the year ended January, 1980, was the 6.1 per cent increase in the numbers and a 12.9 per cent increase in the value of permits for alterations and additions to dwellings. The value of all buildings and dwellings approved for construction in January, 1980, was $93.8 million compared with $67.5 million for January, 1979.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19800415.2.83

Bibliographic details

Press, 15 April 1980, Page 13

Word Count
161

Building permits continue to drop Press, 15 April 1980, Page 13

Building permits continue to drop Press, 15 April 1980, Page 13