tag:blogger.com,1999:blog-7342528022617501525.post8908999303838380236..comments2024-03-28T15:05:33.781+13:00Comments on Economics New Zealand: Those falling Auckland housing consents - an updateDonal Curtinhttp://www.blogger.com/profile/03687495556590450225noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7342528022617501525.post-30937833145554327502016-06-02T10:41:30.386+12:002016-06-02T10:41:30.386+12:00It's a fair question. I dunno. Apartment block...It's a fair question. I dunno. Apartment block heights seem to be a particularly sticky planning/NIMBY issue so I can see more uncertainty around that than I can about even very tightly packed terraces (which as the photos in the original post showed, are now a more accepted part of the landscape). Another possibility is that developers may now be finding it more profitable to do terraces than apartments: many of the sales in that development I photographed are to Asian families with young kids, and perhaps developers are just meeting the pattern of demand? Whatever's going on, though - and I'm genuinely puzzled - the net effect is that ongoing terraces/townhouses aren't making up for fewer apartments, so we're either closing the housing deficit more slowly or even letting it increaseDonal Curtinhttps://www.blogger.com/profile/03687495556590450225noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-62295086327886463562016-06-02T10:23:25.688+12:002016-06-02T10:23:25.688+12:00Thanks for picking up that mislabelling error (I w...Thanks for picking up that mislabelling error (I wish someone else had spotted it even earlier!). Fixed now. I'll credit it to you in a mo.<br />And I agree, the spikiness may be just that. If it spikes up again (and ideally stays up), no problem or at least less of a problem. We'll seeDonal Curtinhttps://www.blogger.com/profile/03687495556590450225noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-2008772930340699082016-06-02T10:15:07.795+12:002016-06-02T10:15:07.795+12:00The graph appears to be mislabelled. The very spik...The graph appears to be mislabelled. The very spiky green line that has dropped in the last few months is labelled "Actual New Houses" and the smoother purple line that is trending slightly upwards is "Actual New Apartments". Shoudln't they be the other way around?<br /><br />Another comment is that the green line is very spiky month-to-month, so a short-term drop may not have much longer-term importance.Markhttps://www.blogger.com/profile/16914264739638166750noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-69980621575226503422016-06-01T23:16:38.002+12:002016-06-01T23:16:38.002+12:00Apartments may have been light, but the townhouses...Apartments may have been light, but the townhouses/other units category has grown strongly. Would they not be subject to Unitary Plan uncertainties too?Michael Gordonnoreply@blogger.com