976520578
News

Building consents sink

Wednesday 3rd of August 2022

ANZ chief economist Sharon Zollner says the outlook for house-building has hit a brick wall and data suggests building consents may have a lot further to fall yet.

June’s drop in consents was the third monthly decline in a row on a seasonally adjusted basis. The June figures were just over 11.5% lower than March.

The last time building consents fell three months in a row was beween November 2016 and January 2017.

Over the past year, 50,500 new dwellings have been consented.

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.