Housing consents fall in August

Monday 4 October 2004

The number of new dwelling consents issued fell in August, pointing to a cooling in the construction industry.

By The Landlord

On a seasonally adjusted basis there were 2176 consents issued for new dwelling units in August, down 4.8% from the previous month, according to data released by Statistics New Zealand today.

This was the second month in a row numbers have fallen. A revised 2286 consents were issued in July, down 34.6% on June. Looking at the trend series, which strips out seasonal factors, 2249 building consents were issued in August, down 3.3% on July. This was the seventh consecutive month the trend series has fallen.


But annual totals remained high, with consents for 32,169 new dwelling units issued in the year ended August, up 9% on the year-earlier.

The total number of new dwelling units for the year was the largest total recorded for an August year since 1974.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer