Housing consents figures suggest slowdown

Sunday 6 June 2004

The latest housing consents figures contain a few suggestions that the long-awaited slowdown in the housing market may be starting.

By The Landlord

While the 2,486 consents worth $434.3 million for new homes granted in April were up 11% on April last year, they were well down on the 3,037 worth $562.6 million issued in March. Consents in March were up 19.7% on March last year.

And in seasonally adjusted terms, consents were down 5.5% from March and this was the third successive monthly decline. The March decline was revised to 7.3% from the previously published 6.1% decline.

The annual number of consents for the year ended April reflects the strength of the boom, the 31,677 consents being up 12% on the previous year and the largest total for an April year since 1976.


Read More - Opens in a new window
Commenting is closed

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer