Housing and Construction Quarterly
|
|
- Evelyn Kelley
- 6 years ago
- Views:
Transcription
1 New Zealand Housing and Construction Quarterly September 2014 Contents Housing Market 2 House Values by Region 3 Rents by Region 4 Rents by Bedroom and Region 5 Price and Rent Comparisons 6 Housing Affordability Construction 7 Construction Sector Performance 8 Residential Construction 9 Non-Residential Construction 10 Building Activity 11 Construction Costs Social Housing 12 Availability for Low-Income Households 13 Low-Income Housing Costs 14 Government Social Housing The NewZealand Housing and Construction Quarterly provides quarterly data and analysis on the housing market, construction and social housing. This publication is produced by the Ministry of Business, Innovation and Employment. The report is available at: /sector-information Key Highlights Rents Greater Christchurch actual mean rents have decreased slightly from$431 per week in April 2014, to $420 per week in July However,the rental trend growth in Greater Christchurch rents is still continuing to increase (at a much slower rate). In contrast,'s rental growth is about a quarter of Christchurch's growth rate. The region with the highest rental growth in the year ending July 2014, was Manuwatu-Wanganui at 9.8%. For more detail, see pages 3 and 4. House Values 's house values are continuing their upward trend this quarter. Similarly, Christchurch, and national house value growth is consistent with recent trends. The Massey University Home Affordability report for the June 2014 quarter stated that housing affordability deteriorated, mainly due to an increase in the national median house price as well as an increase in the average mortgage interest rates. See pages 2 and 6 for more detail. Residential and Non-Residential Construction Greater Christchurch's residential and non-residential consent activity are now both on par with levels. This increase is partly due to the post-earthquake rebuild.'s consents decreased slightly this quarter. Meanwhile, additions and alterations consents are largely unchanged nationally and in, while Christchurch levels grew 4% this quarter. For more detail, refer to pages 8 and 9. New Zealand Housing and Construction Quarterly September 2014
2 House Values by Region Figure 3: Change in Values for the Three Months Ending July 2014 Value Change 10%+ 5%-10% 0%-5% -5%-0% -5%+ No Data Source: Property IQ Figure 1 shows that the biggest change in house values occurred in the region (10%+), while Christchurch, Selwyn and Waimakariri all experienced growth in the 5-10% range. By contrast, the Consumers Price Index (CPI ) rose 1.6% in the year between the June 2013 and June 2014 quarters. Figure 2 shows 's house values continuing their upward trend this quarter. Similarly, Christchurch, and national house value growth is consistent with recent trends. The below values are from Property IQ, estimating current market valuation of each property at any time. Figure 2: Average House Values to July 2014 $800,000 Table 1: House Values May 2014 July 2014 Christchurch to * change in trend values Average Value $479, % $720, % $461, % $451, % Source: CoreLogic NZ $700,000 $600,000 $500,000,000,000,000,000 Christchurch p2 New Zealand Housing and Construction Quarterly September 2014
3 Rents by Region Figure 3: Change in Rents for the Three Months Ending July 2014 Source: MBIE Figure 3 showsthe nationalrent pattern changes. Greater Christchurch rental growth has slowed. Meanwhile, Christchurch City rents have grown between 5-10% in the year to July 2014, while North Canterbury rents grew more than 10+ over the same period. In contrast, over the June year, the CPI grew by 1.6%. Figure 4 shows 's rents growing at a similar rate to the national average, and remaining well below the Christchurch and levels. Greater Christchurch mean rents have decreased slightly from$431 per week in April 2014 to $420 per week in July However, the rental trend growth in Greater Christchurch rents are still continuing to increase(but ata much slower rate). We will continue to monitor this with more data needed in order to further examine this trend. Table 2: Rent Profile July 2014 * change in trend values Average Rent $ % $ % $ % $ % Figure 4: Average Weekly Private Rents to July 2014 Source: MBIE $500 p3 New Zealand Housing and Construction Quarterly September 2014
4 Rents by Bedroom and Region Figure 5: Average Private Rent by Bedroom to July 2014 Source: MBIE $700 $600 $ bedrooms 4 bedrooms 3 bedrooms 2 bedrooms 1 bedroom Each of the bedroom rent categories have stabilised between the March and June 2014 quarters, increasing by 1% on average. Table 4: Average Rent by Bedrooms July bedroom 2 bedrooms 3 bedrooms 4 bedrooms 5+ bedrooms * change in trend values Average Rent $261 $334 $383 $492 $ % 3.1% 3.8% 4.7% 3.7% Figure 6 looks at annual growth in rents. Canterbury had the second-highest average rental growth in New Zealand in the year to July By contrast, 's annual rental growth rate is about a quarter of Christchurch's growth rate. The region with the highest rental growth was Manuwatu-Wanganui at 9.8%, which may be due to lower numbers of bonds lodged in that regionrather than any long term trend. Figure 6: Growth in Average Rents for the Year Ending July 2014 Source: MBIE 15% 10% Canterbury Other 5% 0% -5% West Coast Northland Taranaki Otago Hawke's Bay Southland Gisborne Marlborough Bay of Plenty Waikato Nelson Tasman Canterbury Manawatu-Wanganui p4 New Zealand Housing and Construction Quarterly September 2014
5 Price and Rent Comparisons Figure 7: House Values vs. Private Weekly Rents: January 2004 to July 2014 Source: MBIE and CoreLogic NZ $500 $450 $350 $250 $150 Rents (LHS) $50 House Values (RHS) $750,000 $675,000 $600,000 $525,000 $450,000 $375,000,000 $225,000 $150,000 $75,000 Figure 7 depicts the relationship between house values and private weekly rents in. Both rents and house prices continue to follow their historical trends. In the year to July 2014, house values grew faster than rents, with a 12% growth for house values compared to 3% growth for rents. Figure 8 shows the equivalent graph for Christchurch house values and rents. In Christchurch, rents are growing faster than house values, a trend that has existed since late In the year to July 2014, both rents and house values grew by 7%. Figure 8: Christchurch House Values vs. Private Weekly Rents: January 2004 to July 2014 Source: MBIE and CoreLogic NZ $450 $750,000 $675,000 $350 $250 $150 $50 Rents (LHS) House Values (RHS) $600,000 $525,000 $450,000 $375,000,000 $225,000 $150,000 $75,000 p5 New Zealand Housing and Construction Quarterly September 2014
6 Housing Affordability Figure 9: Massey University Housing Affordability Index to June 2014 Housing is less affordable 45 Source: Massey University, trends by MBIE Canterbury Housing is more affordable 0 Figure 9 shows the housing affordability indicators across the major regionsand nationally. The Massey University Home Affordability report for the June 2014 quarter stated that housing affordability deteriorated, mainly due to an increase in the national median house price as well as an increase in the average mortgage interest rates. Rental affordability in Canterbury is now quickly approaching 's affordability levels. Between the March and June 2014 quarters, rental affordability rates worsened across all regions by 1% on average. The start of 2012 saw an initial large deterioration in rental affordability in Christchurch, which slowed down slightly in mid Christchurch rental affordability deteriorated by 5% in the year ending June More data are needed in order to see if quarterly rates stabilise. Table 5: Housing Affordability Massey Affordability June 2014 Canterbury Rental Affordability June 2014 Canterbury * change in trend values 3-month 1.9% 2.9% 4.1% 1.6% 3-month 0.5% 0.9% 1.2% 0.2% 12-month 6.5% 8.3% 11.2% 2.4% 12-month 1.6% 2.5% 5.2% -0.7% Figure 10: Rental Affordability Index to June Higher values indicate lower affordability 40 Source: MBIE, MSD (MBIE calculations) Canterbury 0 p6 New Zealand Housing and Construction Quarterly September 2014
7 Construction Sector Performance Figure 11: Change in Construc on Sector Real GDP (%) to March % 15% 10% 5% 0% -5% -10% -15% All Industries Construction -20% Source: Statistics New Zealand, trends by MBIE Between the December 2013 and March 2014 quarters, total gross domestic product (GDP) for New Zealand grew by 1%. Construction GDP growth increased by 7% between the December 2013 and March 2014 quarters, while it grew 14% in the year ending March Construction activity has now largely recovered from its post-recession slump. Figure 12shows that construction employment figures increased slightly this quarter and are at around 2008 levels. Employment across all industries also increased slightly. Table 6: Gross Domestic Product March 2014 Quarter All Industries Construction $b $ % $ % * Change in trend values Figure 12: Change in People Employed (%) to June % Table 7: Employment (QES) ## Quarter All Industries Construction people employed 1,429, % 107, % Source: Statistics New Zealand, trends by MBIE 15% 10% 5% 0% -5% -10% All Industries Construction -15% p7 New Zealand Housing and Construction Quarterly September 2014
8 Residential Construction Figure 13: Dwellings Consented to June ,000 3,500 3,000 2,500 Source: Statistics New Zealand, trends by MBIE 2,000 1,500 1, Figure 13shows Greater Christchurch's residential construction activity is now at levels. This increase has been boosted by the post-earthquake rebuild. Meanwhile, 's consent levels decreased slightly this quarter. Figure 14 shows that between the March 2014 and June 2014 quarters, the value of residential alterations and additions continued to increase in Christchurch and. Both regions increased at faster rates than national levels; meanwhile, remained steady. Figure 14: Residen al Altera ons and Addi ons ($m) to June 2014 $180 $160 $140 $120 $80 $60 $40 $20 Table 8: Residential Construction Dwellings Consented: June 2014 Alterations & Additions: June 2014 * Change in trend values Dwelling Consents 1, % % % % $m $ % $ % $ % $ % Source: Statistics New Zealand, trends by MBIE p8 New Zealand Housing and Construction Quarterly September 2014
9 Non-Residential Construction Figure 15: New Non-Residential Consents ($m) to June 2014 $500 $450 $350 $250 $150 $50 Figure 15 shows that non-residential consents increased slightly in Christchurch and this quarter. Meanwhile, 's non-residential consents remained at low levels this quarter. Christchurch consent levels are now at levels, partly reflecting the post-earthquake rebuild activity. Care is needed when interpreting these data, as nonresidential construction data are highly volatile. The value of consents for additions and alterations to nonresidential buildings are largely unchanged nationally and in. In contrast, Christchurch levels grew 4% between the March and June 2014 quarters. Source: Statistics New Zealand; trends by MBIE Table 9: Non-Residential Construction New Consents: June 2014 $m $390 $6 Alterations & Additions: June 2014 $m $10 * change in trend values 19.3% $ % $ % -12.2% -1.0% $ % $25 7.9% Figure 16: Non-Residential Alterations and Additions ($m) to June 2014 Source: Statistics New Zealand; trends by MBIE $180 $160 $140 $120 $80 $60 $40 $ % p9 New Zealand Housing and Construction Quarterly September 2014
10 Building Activity Figure 17: Earthquake-Related Building Consents ($m) to June 2014 $120 Source: Statistics New Zealand $80 Residential Non-Residential $60 $40 $ Asdepicted in Figure 17, there was a spike in earthquake related residential consents at the start of 2014, with earthquake related consents increasing by 150% between June 2013 and June Figure18 shows that trend data for buildingwork for non-residential construction grew 10% between the December 2013 and March 2014 quarters, and 7% in the year to March Note that building consents are defined as "earthquakerelated" based on whether the applicant notes them as such on the consent application. Therefore, these figures should be seen as indicative. Residential construction increased in the March 2014 quarter after growing steadily over the past year, and is now slightly higher than 2007 levels. Table 10: Total Earthquake Consents June 2014 Residential Non-Residential tr5r5r Table 11: Building Work Put in Place Since Sep March 2014 $m 2010 Quarter $b $72.4 $848 Residential $ % $29.3 $794 Non-Residential $ % * Change in trend values Figure 18: Na onal Building Work Put in Place ($m) to March 2014 $2.5 Source: Statistics New Zealand $2.0 $1.5 $1.0.5 Residential Non-Residential.0 p10 New Zealand Housing and Construction Quarterly September 2014
11 Construction Costs Figure 19: Cost of Building a Standard House ($/m 2 ) June 2014 Source: New Zealand Building Economist $1,600 $1,400 $1,200 Christchurch $1,000 $800 $600 Figure 19shows that Christchurch construction costs are unchanged from the previous quarter,a pattern that is common for these data, where an increase is followed by one or more quarters of no growth. Christchurch still has the second-highest construction costs of the regions we monitor. This is a change from a long-established historical trend, highlighting the pressure Christchurch's construction industry is under. Table 12: Cost of a Standard House Figure 20 shows that construction hourly earnings increased slightly this quarter compared with March 2014, decreasing the gap between construction and all industries. Earnings for all industries increased by 0.5% against the 0.3% CPI growth between the March and June 2014 quarters. Table 13: Hourly Earnings June 2014 June 2014 Quarter $/m 2 Change Quarter $/hour $1, % All Industries $28 2.5% Christchurch $1, % Construction $26 4.2% $1, % * change in trend values Figure 20: Hourly Earnings March 2014 $30 Source: Statistics New Zealand, trends by MBIE $25 $20 $15 $10 $5 All Industries Construction p11 New Zealand Housing and Construction Quarterly September 2014
12 Affordability for Low-Income Households Figure 21: LIHA for the Three Months Ending March 2014 Affordability Issues per Capita Minimal Low Moderate High Very High Source: MSD (MBIE calculations) The Low-Income Housing Affordability (LIHA) measure is created using Accommodation Supplement (AS) data. The degree of affordability issues is calculated by looking at the proportion of households spending more than 30% of their income on housing (and how much more than 30% those households are spending). Figure 21 shows that Greater Christchurch leads the country, with the highest rates of affordability issues. Christchurch City meanwhile, has fewer affordability issues than Selwyn or Waimakariri, suggesting a move away from the centre of Christchurch toward outlying areas. As of April 2014, responsibility for the social housing needs assessment transferred from the Housing New Zealand Corporation (HNZC) to MSD. Table 14 shows the latest data from MSD. It is difficult to determine why the waiting list data is higher than in previous months. There may be many inter-related causes of this change. Agencies are investigating the drivers behind the waitlist numbers. It is still too early to tell if the change is a trend or not Table 14: Social Housing Waiting List June 2014 Quarter A Priority B Priority Waiting List 2,936 2,040 Figure 22: Social Housing Wai ng List to June ,000 A Priority 6,000 B Priority Source: HNZC, MSD Change in data responsibility from HNZC to MSD 5,000 4,000 3,000 2,000 1,000 0 p12 New Zealand Housing and Construction Quarterly September 2014
13 Low-Income Housing Costs Figure 23: Synthe c Lower Quar le (SLQ) Private Rents to July 2014 Source: MBIE Figure 23 shows that Christchurch SLQ rents have grown steadily since the start of 2013, but have begun to stabilise since the March 2014 quarter. CPI rose 1.6% between March 2013 and June Like the average rents, Christchurch SLQ rent levels are growing faster than any other region; however, the gap between Christchurch and SLQ rent levels is larger than the gap at the average rents level. Figure 24 shows that rents for properties with five or more bedrooms appear to be growing faster than those for any other properties at the lower end of the rental spectrum. They have, however, decreased slightly between the March and June 2014 quarters. Growth in the other bedroom categories remains relatively stable. Table 15: Synthetic Lower Quartile Rent July bedroom 2 bedrooms 3 bedrooms 4 bedrooms 5+ bedrooms * Change in trend values SLQ Rent $ % $ % $ % $ % $ % $ % $ % $ % $ % Figure 24: SLQ Private Rents by Number of Bedrooms to July 2014 Source: MBIE $600 $ bedrooms 4 bedrooms 3 bedrooms 2 bedrooms 1 bedroom p13 New Zealand Housing and Construction Quarterly September 2014
14 Government Social Housing Figure 25: Central Government Housing Spending ($m) to July 2014 $180 $160 Income-Related Rent (IRRS) $140 Accommodation Supplement (AS) Source: MBIE, MSD $120 $80 $60 $40 $20 Government spending on social housing grew significantly throughout the period during the recession but flattened off in AS spending appears to be trending downwards since 2010, with the June quarter following this trend. Income Related Rent (IRR) figures have increased across the past year. Note that the AS is paid out fortnightly, which means that the expenditure will vary from month to month, depending on how many payments are being made that month. Figure 26 shows that local government rents increased slightly in this quarter, as well as nationally. However, Greater Christchurch rents have stabilised this quarter. Variability for local government rents is quite high. Table 16: Social Housing Spending Table 17: Local Government Rents Monthly June 2014 $m July 2014 Average Rent IRRS $ % $ % AS $ % $ % $ % * Change in trend values Figure 26: Local Government Housing Rents to July 2014 Source: MBIE p14 New Zealand Housing and Construction Quarterly September 2014
15 The Modelling and Sector Trends Team The Modelling and Sector Trends team is part of the Infrastructure and Resource Markets (IRM) group of MBIE. The purpose of the team is to provide data, modelling and analysis services to support the IRM policy development in the areas of: 1 Building and Housing, 2 Energy and Resources, 3 Communications and IT Your feedback is important to us. Please let us know what you think by ing HousingInfo@mbie.govt.nz Website The New Zealand Housing Quarterly is available in PDF format through the Ministry's Building and Housing website: For more detailed rental information, please refer to the Open Data Tables: Technical Notes on our definitions and calculations can be found on the above pages. Data Sources Data for this report have been sourced from: Ministry of Social Development (MSD) Housing New Zealand Corporation (HNZC) Statistics New Zealand CoreLogic NZ Massey University New Zealand Building Economist The Ministry's internal data have also been used. Next Release The next edition of the New Zealand Housing Quarterly will be released in the first week of December Interpreting Our Graphs In any line graphs with points and lines, the points represent actual data and the lines represent a smoothed trend line estimated by MBIE. Contact Us HousingInfo@mbie.govt.nz This publication is shared under a Creative Commons Attribution licence: You may copy all or part of this publication, as long as you reference the source as the Ministry of Business, Innovation and Employment. ISSN p15 New Zealand Housing and Construction Quarterly September 2014
Housing and Construction Quarterly
New Zealand Housing and Construction Quarterly March 2015 Contents 2 Quarterly Highlights Housing Market 3 House Values by Region 4 Rents by Region 5 Rents by Bedroom and Region 6 Price and Rent Comparisons
More informationHousing and. Construction. Quarterly. Contents 2 Quarterly Highlights. New Zealand. June Key Issues. A Tale of Two Housing Markets.
New Zealand Housing and Construction Quarterly June 2014 Contents 2 Quarterly Highlights Housing Market 3 House Values by Region 4 Rents by Region 5 Rents by Bedroom and Price by TA 6 Price and Rent Comparisons
More informationHousing and. Construction. Quarterly. Contents. New Zealand. February Key Issues
New Zealand Housing and Construction Quarterly February 2014 Contents 2 Quarterly Highlights Housing Market 3 House Values by Region 4 Rents by Region 5 and Christchurch Rents 6 Housing and Rents by Bedroom
More informationREINZ statistics: Auckland price growth slowing, regional strong growth continues
13 July 2017 For immediate release REINZ statistics: price growth slowing, regional strong growth continues New Zealand s property market is showing all the signs of being a two-tier market with median
More informationHouse prices rise 6.9% across New Zealand according to latest REINZ figures
14 March 2018 For immediate release House prices rise 6.9% across New Zealand according to latest REINZ figures The median house price for New Zealand rose 6.9% in February to $530,000 up from $496,000
More informationStrong end to 2017, with house prices up 5.8% in December says REINZ
18 January 2018 Strong end to 2017, with house prices up 5.8% in December says REINZ Median house prices across New Zealand rose by 5.8% year-on-year to $550,000 up from $520,000 in December 2016 and median
More information$27k price increase sees NZ hit new record median price in May says REINZ
14 June 2018 For immediate release $27k price increase sees NZ hit new record median price in May says REINZ A year-on-year price increase of $27,000 has seen New Zealand achieve a new record median house
More informationReal estate industry sees highest annual volume increase in 23 months
11 May 2018 For immediate release Real estate industry sees highest annual volume increase in 23 months The number of properties sold in April 2018 across New Zealand increased by 6.6% compared to the
More informationChristchurch Housing Accord Monitoring Report. For quarter ending June 2015
Christchurch Housing Accord Monitoring Report For quarter ending June 2015 Executive Summary This report provides an overview of the Christchurch housing market and an update on priority Accord actions.
More informationLowest sales volumes in 8 months a result of extremely low listings in July says REINZ
11 October 2018 For immediate release Lowest sales volumes in 8 months a result of extremely low listings in July says REINZ The low number of new listings in July has meant that the number of houses sold
More informationRecord house prices an early Christmas present to vendors, says REINZ
14 December 2018 For immediate release Record house prices an early Christmas present to vendors, says REINZ Vendors from around the country have been delivered an early Christmas present with record median
More informationAuckland rents kick back into gear
Media Release 24 May 2016 Auckland rents kick back into gear The New Zealand rental market kicked back into gear in April as the median weekly asking rent increased by $10 according to the latest Trade
More informationreport New Zealand property
report New Zealand property June 2018 issued 3 July 2018 overview New property listings drop significantly in June, while asking prices and buyer interest hold steady. The Auckland region records a fall
More informationRenters in Auckland $12,500 p.a better off than homeowners
Media Release 19 November 2015 Renters in Auckland $12,500 p.a better off than homeowners It is cheaper to rent a house than buy a house across New Zealand, but the disparity is most pronounced in Auckland
More informationRents leap to end 2016 on a record high
Media Release 16 January 2017 Rents leap to end 2016 on a record high December was another tough month for tenants in New Zealand with the national median weekly rent jumping to a record $450, according
More informationreport New Zealand property
report New Zealand property January 2018 issued 1 February 2018 overview New Zealand property market in major centres stays cool over hot summer, while regions are pumping Real-time statistics from realestate.co.nz
More informationBuilding Consents Issued: June 2013
Building Consents Issued: June 2013 Embargoed until 10:45am 30 July 2013 Key facts In June 2013, building consents were issued for: 1,487 new dwellings, including apartments 160 apartments, including 39
More informationreport New Zealand property
report New Zealand property July 2018 issued 1 August 2018 overview Interest in homes for sale warms in July. Search for properties back to summertime levels. Searches for properties in July on realestate.co.nz
More informationNew Plymouth District Council 1 of 23
New Plymouth District Council 1 of 23 Contents Executive Summary... 4 Introduction... 4 Purpose of this Quarterly Report... 4 First Quarterly Report... 5 New Plymouth District... 5 New Plymouth District
More informationReport ER5 Can Work, Cannot Afford to Buy the Intermediate Housing Market
External Research Report Issue Date: 31/08/2015 ISSN: 2423-0839 Report ER5 Can Work, Cannot Afford to Buy the Intermediate Housing Market Ian Mitchell Project LR0484 Livingston and Associates Ltd funded
More informationAppendix 1: Gisborne District Quarterly Market Indicators Report April National Policy Statement on Urban Development Capacity
Appendix 1: Gisborne District Quarterly Market Indicators Report April 2018 National Policy Statement on Urban Development Capacity Quarterly Market Indicators Report April 2018 1 Executive Summary This
More informationreport New Zealand property
report New Zealand property February 2018 issued 1 March 2018 Lifestyle property a potential option in a relatively static housing market A surge in the number of lifestyle properties listed for sale nationally
More informationInventory of unsold houses drops to 6 year low
1st July 2013 Inventory of unsold houses drops to 6 year low New listings stall After witnessing a surge of fresh listings in May, June saw listings stall, with just 9,082 listings coming to the market.
More informationreport New Zealand property
report New Zealand property April 2018 issued 1 May 2018 overview A rise in new property listings nationally is strongly underpinned by the Canterbury and Wellington regions Real-time data from realestate.co.nz
More informationNational Construction Pipeline Report 3 July 2015
National Construction Pipeline Report 3 July 2015 Prepared by Table of contents 1 Introduction 6 1.1 How to read the graphs 7 2 Key findings 8 2.1 Unprecedented levels of construction activity are still
More informationNational Policy Statement on Urban Development Capacity QUARTERLY REPORT OCT - DEC 2017
National Policy Statement on Urban Development Capacity QUARTERLY REPORT OCT - DEC 2017 Executive Summary Marlborough District Council (Council) is required to monitor housing and commercial development
More informationSAMPLE REPORT CORELOGIC NEW ZEALAND MONTHLY PROPERTY MARKET & ECONOMIC UPDATE
CORELOGIC NEW ZEALAND MONTHLY PROPERTY MARKET & ECONOMIC UPDATE JANUARY FEBRUARY 2017 About CoreLogic 4 CoreLogic Data and Analytics 6 Legal Disclaimer 7 Macro Economic and Demographic Indicators 8 New
More informationHousing affordability
Background Housing affordability A paper prepared by the PPTA executive For the 2008 Annual Conference, the Auckland region prepared a paper on the issue of housing affordability, calling for a taskforce
More informationmymarket Report How is the market?
mymarket Report How is the market? Lower North Island Summer 2015 The latest property market update for the Lower North Island region. Helping you with your property decisions. mymarket Report Values in
More informationSellers set a new record high asking price, as inventory drops to near record low
1st May 2013 Sellers set a new record high asking price, as inventory drops to near record low Asking prices reach new high The seasonally adjusted asking price rose in April to a new record high of $447,275
More informationValue of Building Work Put in Place: March 2013 quarter
Value of Building Work Put in Place: March 2013 quarter Embargoed until 10:45am 05 June 2013 Key facts For the March 2013 quarter, after price changes and seasonal variations are removed: Residential building
More informationNational Policy Statement on Urban Development Capacity Price efficiency indicators technical report: Price-cost ratios
National Policy Statement on Urban Development Capacity Price efficiency indicators technical report: Price-cost ratios Acknowledgements: SensePartners is acknowledged for the development of this technical
More informationSocial Housing (IRRS) Purchasing Intentions 15 April 2015
Social Housing (IRRS) Purchasing Intentions 15 April 2015 Social Housing Purchasing Intentions Page 1 Introduction The Social Housing Reform Programme is a cross-agency approach to improve the provision
More informationECONOMIC CURRENTS. Vol. 3, Issue 3 SOUTH FLORIDA ECONOMIC QUARTERLY. Introduction
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real
More informationBNZ-REINZ Residential Market Survey ISSN
ISSN 2253-3656 13 2012 Mission Statement To help Kiwi businesspeople and householders make informed financial decisions by discussing the economy in a language they can understand. Market Strength Continues
More informationSales volumes see seasonal drop in January as Auckland & National median house prices rise year-on-year
REINZ Real Estate Institute of New Zealand February 2017 Sales volumes see seasonal drop in January as & median house prices rise year-on-year Bindi Norwell, REINZ CEO ers are once again starting to put
More informationHamilton s Housing Market and Economy
Hamilton s Housing Market and Economy Growth Indicator Report November 2016 hamilton.govt.nz Contents 3. 4. 5. 6. 7. 7. 8. 9. 10. 11. Introduction New Residential Building Consents New Residential Sections
More informationNZ house price index relative to peak
Media release 11 th July 2011 Nationwide property values edge upwards The QV residential property index shows that nationwide values increased in June, driven largely by the Auckland market. Nationwide
More informationQueenstown-Lakes Data REINZ SLIDE 1
Queenstown-Lakes Data REINZ SLIDE 1 OTAGO REGION SCORECARD Net Migration (year to) Unemployment (Q3) Weekly Earnings (Median) House Prices (Median) Sep 16: 1,954 Q3 2016: 3.7% 2016: $1,054 YE Sep 16: $337k
More informationECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real
More informationBuilding plans put to work
Crown copyright See Copyright and terms of use for our copyright, attribution, and liability statements. Citation Stats NZ (2017). Building plans put to work. Retrieved from www.stats.govt.nz. ISBN 978-0-9941463-2-8
More informationECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction
ECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction Economic Currents provides an overview of the South Florida regional economy. The report contains current employment, economic and real
More informationCommentary. Regional Summary Asking Price
Inventory recovers slightly as national asking prices ease Asking prices ease Nationally average asking prices of new listings eased in April. The seasonally adjusted asking price fell by 1.4% to $477,460,
More information2013 Year-End Market Report
2013 Year-End Market Report The voice of real estate in Central Virginia CAAR Member Copy Expanded Edition Charlottesville Area Year-End 2013 Highlights: Yearly home sales in Greater Charlottesville were
More informationUDIA WA PROPERTY MARKET STATISTICS
UDIA WA PROPERTY MARKET STATISTICS OCTOBER 217 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE 3 4 ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL
More informationHamilton s Housing Market and Economy
Hamilton s Housing Market and Economy Growth Indicator Report December 217 hamiltoninvest.co.nz Contents 3. Introduction 4. New Residential Building Consents 5. New Residential Sections and Titles (224c)
More informationrd Quarter Market Report
2012 3 rd Quarter Market Report The voice of real estate in Central Virginia CAAR Member Copy Expanded Edition Charlottesville Area 3 rd Quarter 2012 Highlights: Overall sales in Greater Charlottesville
More informationNew Zealand Property Report. June
New Zealand Property Report June 2016 The Overview Scarcity of houses for sale nationally creates sellers market. Realestate.co.nz statistics show demand and prices up, supply down. The average asking
More informationCharacteristics of Recent Home Buyers
Characteristics of Recent Home Buyers Special Studies, February 1, 2019 By Carmel Ford Economics and Housing Policy National Association of Home Builders Introduction To analyze home buyers NAHB uses the
More informationFilling the Gaps: Stable, Available, Affordable. Affordable and other housing markets in Ekurhuleni: September, 2012 DRAFT FOR REVIEW
Affordable Land and Housing Data Centre Understanding the dynamics that shape the affordable land and housing market in South Africa. Filling the Gaps: Affordable and other housing markets in Ekurhuleni:
More informationResidential Commentary - Perth Apartment Market
Residential Commentary - Perth Apartment Market March 2016 Executive Summary The Greater Perth apartment market has attracted considerable interest from local and offshore developers. Projects under construction
More informationECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 4, Issue 3 Economic Currents provides an overview of the South Florida regional economy. The report presents current employment,
More information3 November rd QUARTER FNB SEGMENT HOUSE PRICE REVIEW. Affordability of housing
3 November 2011 3 rd QUARTER FNB SEGMENT HOUSE PRICE REVIEW JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 011-6490125 John.loos@fnb.co.za EWALD KELLERMAN: PROPERTY MARKET ANALYST 011-6320021 ekellerman@fnb.co.za
More information1 June FNB House Price Index - Real and Nominal Growth MAY FNB HOUSE PRICE INDEX FINDINGS
1 June 2016 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST 087-328 0157 tswanepoel@fnb.co.za
More informationHousing Indicators in Tennessee
Housing Indicators in l l l By Joe Speer, Megan Morgeson, Bettie Teasley and Ceagus Clark Introduction Looking at general housing-related indicators across the state of, substantial variation emerges but
More informationPerformance of the Private Rental Market in Northern Ireland
Summary Research Report July - December Performance of the Private Rental Market in Northern Ireland Research Report July - December 1 Northern Ireland Rental Index: Issue No. 8 Disclaimer This report
More informationLANDLORDS CAUTIOUS AHEAD OF TAX CHANGES
FEBRUARY 2017 Q4 2016 LANDLORDS CAUTIOUS AHEAD OF TAX CHANGES Despite turbulence in the Private Rented Sector (PRS) dating back to the Government s 2015 Summer Budget, Paragon Mortgages latest PRS Trends
More informationPROPERTY BAROMETER Residential Property Affordability Review The recently improving Housing Affordability trend stalled in the 1 st quarter of 2017
21 June 2017 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST FNB HOME LOANS 087-328 0151 john.loos@fnb.co.za LIZE ERASMUS: STATISTICIAN 087-335 6664 lize.erasmus@@fnb.co.za
More informationFilling the Gaps: Active, Accessible, Diverse. Affordable and other housing markets in Johannesburg: September, 2012 DRAFT FOR REVIEW
Affordable Land and Housing Data Centre Understanding the dynamics that shape the affordable land and housing market in South Africa. Filling the Gaps: Affordable and other housing markets in Johannesburg:
More informationRENTAL SNAPSHOT. Monthly market report: July Media Release 01 August Rent.com.au monthly market report: July 2018 Page 1
RENTAL SNAPSHOT Monthly market report: July 2018 Media Release 01 August 2018 For further information, please contact: Rent.com.au p: 1300 736 810 e: agents@rent.com.au Rent.com.au monthly market report:
More informationSan Francisco Housing Market Update
San Francisco Housing Market Update California Economic and Housing Market Outlook The national economy maintained a healthy growth rate in the first quarter of 2005 and appeared to be settling in for
More informationTrends in Scottish Residential Lettings
The Citylets Report Issue 1 Spring 2007 Trends in Scottish Residential tings A Tale of Three Cities Introduction citylets.co.uk is Scotland s original residential lettings portal advertising over 45,000
More informationPlanning and Development Department Building and Development Permit Summary Report
Planning and Development Department 21 Building and Development Permit Summary Report February 22, 21 2 21 Building and Development Permit Summary Table of Contents Introduction... 3 Building Permits...
More information16 April 2018 KEY POINTS
16 April 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST FNB HOME LOANS 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO: STATISTICIAN 087-730 2254
More informationValue of Building Work Put in Place: June 2016 quarter
Value of Building Work Put in Place: June 2016 quarter Embargoed until 10:45am 02 September 2016 Key facts For the June 2016 quarter compared with the March 2016 quarter, in seasonally adjusted volume
More informationYear to Date (thru June)
CAAR Market Report 2009 Mid-Year Published by the Charlottesville Area Association of REALTORS Where Are We Now? The pace of home purchases in the Charlottesville area continues to improve from the dismal
More informationANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter 2013 By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis
ANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis Economic Overview Key economic factors in the first quarter
More informationDETACHED MULTI-UNIT APPROVALS
HIA New Home Sales DETACHED MULTI-UNIT APPROVALS SALES MULTI-UNIT DETACHED A monthly update on the sales of new homes December 217 TAX BURDEN TAKES TOLL ON New Home Sales during 217 Sales still post modest
More informationThames Gateway South Essex
Thames Gateway South Essex Housing Market Trends Quarterly Report April 2015 House Prices, Affordability & Market Indicators www.tgessex.co.uk Housing Market Trends Quarterly Report April 2015 Introduction
More informationCONSUMER CONFIDENCE AND REAL ESTATE MARKET PERFORMANCE GO HAND-IN-HAND
CONSUMER CONFIDENCE AND REAL ESTATE MARKET PERFORMANCE GO HAND-IN-HAND The job market, mortgage interest rates and the migration balance are often considered to be the main determinants of real estate
More informationFocus article: Metropolitan and rural housing market developments
Focus article: Metropolitan and rural housing market developments Introduction The upswing in the South African residential property market which started around was driven by a wide range of economic,
More informationDocument under Separate Cover Refer to LPS State of Housing
Document under Separate Cover Refer to LPS5-17 216 State of Housing Contents Housing in Halton 1 Overview The Housing Continuum Halton s Housing Model 3 216 Income & Housing Costs 216 Indicator of Housing
More informationNew House Owners Satisfaction Survey
Study Report SR374 [2017] New House Owners Satisfaction Survey Matthew Curtis 1222 Moonshine Rd RD1, Porirua 5381 Private Bag 50 908 Porirua 5240 New Zealand branz.nz The work reported here was funded
More informationmymarket Report How is the market?
How is the market? Otago Summer 2015 The latest property market update for the Otago region. Helping you with your property decisions. Queenstown Lakes District values continue to grow steadily, while
More informationThe Industrial Market Cooled Off in Q1
Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed
More informationUDIA WA DEVELOPMENT JUNE 2018
UDIA WA DEVELOPMENT JUNE 218 UDIA (WA) The UDIA provides market research and in-depth analysis of the urban development industry and property market. To download this report and other UDIA research visit
More informationRapid recovery from the Great Recession, buoyed
Game of Homes The Supply-Demand Struggle Laila Assanie, Sarah Greer, and Luis B. Torres October 4, 2016 Publication 2143 Rapid recovery from the Great Recession, buoyed by the shale oil boom, has fueled
More informationAugust 2012 Design by Anderson Norton Design
August 2012 Design by Anderson Norton Design 020 7336 6992 Property Data Report 2012 Introduction 1 Commercial property by comparison UK commercial property s value in 2011 reached 717 billion, helped
More informationPikes Peak area housing Market Statistics (As of: 9/30/2018)
$156,25 $184, $174,697 $177,2 $21,53 $185,83 $173, $178,29 $172,25 $212,75 $21,95 $226,692 $197,5 $199, $196, $28, $25, $223,95 $216,75 $29,527 $234,9 $218,82 $229,74 $235,518 $231,457 $255, $259,11 $269,98
More informationFY General Revenue Forecast Presentation
FY 2015-2019 General Revenue Forecast Presentation Steven A. Solomon Director of Finance February 18, 2014 Overview Current Economic Outlook National State Local FY 2014 2nd Quarter Revenue Update Five
More informationCost of owning and running a home at highest level since 2008
This is the annual Halifax review of the cost of owning and running a home. The review is compiled using a range of official statistics, including the ONS Family Spending Survey, DCLG and Halifax's own
More informationEstimating National Levels of Home Improvement and Repair Spending by Rental Property Owners
Joint Center for Housing Studies Harvard University Estimating National Levels of Home Improvement and Repair Spending by Rental Property Owners Abbe Will October 2010 N10-2 2010 by Abbe Will. All rights
More informationHOUSING MARKET OUTLOOK Calgary CMA
H o u s i n g M a r k e t I n f o r m a t i o n HOUSING MARKET OUTLOOK Calgary CMA C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: Fall 2011 NEW HOME MARKET Total housing
More informationDwelling Stock and Diversity in the City of Melbourne
Melbourne City Research Dwelling Stock and Diversity in the City of Melbourne September, 2012 www.melbourne.vic.gov.au Contents Dwelling Stock and Diversity in the City of Melbourne 1 1. Introduction 6
More informationRESIDENTIAL MARKET ANALYSIS
RESIDENTIAL MARKET ANALYSIS CLANCY TERRY RMLS Student Fellow Master of Real Estate Development Candidate Oregon and national housing markets both demonstrated shifting trends in the first quarter of 2015
More informationREAL ESTATE MARKET OVERVIEW 1 st Half of 2015
REAL ESTATE MARKET OVERVIEW 1 st Half of 2015 With Comparisons to the 2 nd Half of 2014 September 4, 2015 Prepared for: First Bank of Wyoming Prepared by: Ken Markert, AICP MMI Planning 2319 Davidson Ave.
More informationMultifamily Market Commentary February 2017
Multifamily Market Commentary February 2017 Affordable Multifamily Outlook Incremental Improvement Expected in 2017 We expect momentum in the overall multifamily sector to slow in 2017 due to elevated
More information2007 IBB Housing Market Report
2007 IBB Housing Market Report Summary www.ibb.de Foreword Foreword Berlin s housing market remains on the move. The current trend, which is stronger than in previous years, shows the breakdown of the
More informationLAND AND HOUSING SUPPLY. Douglas Fairgray, Director, Market Economics Ltd
LAND AND HOUSING SUPPLY Douglas Fairgray, Director, Market Economics Ltd This paper addresses Land and Housing Supply, in the general context of what happens next in an economic down turn after an extended
More informationPikes Peak area housing Market Statistics (As of: 2/28/2018)
Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3 -4-4 -4-5 -5-5 -6-6 -6-7 -7-7 -8-8 -8-9 -9-9 -1-1 -1-11 -11-11 -12-12 -12-13 -13-13 -14-14 -14-15 -15-15 -16-16 -16-17 -17-17 Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3
More informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of St Thomas Residential
More informationmymarket Report How is the market?
mymarket Report How is the market? Lower North Island Autumn 2016 The latest property market update for the Lower North Island region. Helping you with your property decisions. mymarket Report Median property
More informationHousing Bulletin Monthly Report
February 21 1 Housing Bulletin Monthly Report Housing Starts 25, 2, 15, 1, 5, Alberta Housing Starts up 5 per cent from 29 From February 29 to 21, preliminary housing starts increased 82.7 per cent across
More informationHousing Bulletin Monthly Report
January 21 1 Housing Bulletin Monthly Report Most new homes built in second half of 29 25, 2, 15, 1, 5, Dec 7 Jan 8 Feb 8 mar 8 apr 8 Alberta s 29 housing starts increased 72.8 per cent over 28, suggesting
More informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of St Thomas Residential
More informationMarket Report. Manhattan Q Significant findings in Q3 2008
Market Report StreetEasy is pleased to present our Quarterly Report on the residential market, starting with a special section called Market Snapshot. While the bulk of the report is based on over 4,500
More informationARLA Members Survey of the Private Rented Sector
Prepared for The Association of Residential Letting Agents & the ARLA Group of Buy to Let Mortgage Lenders ARLA Members Survey of the Private Rented Sector Fourth Quarter 2010 Prepared by: O M Carey Jones
More informationSan Francisco Bay Area to Sonoma County Housing and Economic Outlook
San Francisco Bay Area to 2020 Sonoma County Housing and Economic Outlook Economic Forecast Summary 2017 Presented by Pacific Union International, Inc. and John Burns Real Estate Consulting, LLC On Nov.
More informationARLA Members Survey of the Private Rented Sector
Prepared for The Association of Residential Letting Agents ARLA Members Survey of the Private Rented Sector Second Quarter 2014 Prepared by: O M Carey Jones 5 Henshaw Lane Yeadon Leeds LS19 7RW June, 2014
More informationAuckland. Regional roundup
Auckland Regional roundup 18 August 2016 Summary New Zealand continues to enjoy a relatively buoyant period of economic growth overall, as highlighted in our last two ly Economic Overview reports.¹ However,
More information