The total number of building permits issued in New Zealand was down a seasonally adjusted 5.2 percent on month in October, Statistics New Zealand said on Monday – coming in at 2,850.
That follows the 2.4 percent increase in September.
Individually, permits were issued for 1,363 stand-alone houses; 1,174 townhouses, flats, and units; 183 apartments; and 130 retirement village units.
In the year ended October 2024, the actual number of new dwellings consented was 33,467, down 16 percent on year.
The annual value of non-residential building work consented was NZ$9.3 billion, down 3.5 percent from the year ended October 2023.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.