Housing consents hit a high

Consents issued in August hit their highest level for that month since 1975.

The for 2,704 new housing units worth $464.4 million approved were up 9.6% on July in seasonally adjusted terms and were up 34% on August last year.

And the market’s strength in August had nothing to do with new apartments. The 2,390 consents, excluding apartments, issued was the highest monthly total recorded since the current data series began in January 1990.

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