March housing consents hit a 26-year high

Again, consents for apartments were the culprit. Apartment consents have accounted for most of the volatility in recent months and they surged again in March, according to Statistics New Zealand.

There were 2,537 consents for new dwellings worth $435.7 million approved in March, 21.7% more than in February when 1,797 worth $330.4 million were approved.

The government statistician says most regions recorded higher consent numbers compared with March last year.

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