Building consents keep falling - down 9pc in August

The number of consents issued for new homes has fallen to its lowest level in more than a year, Statistics New Zealand (SNZ) said today.

The seasonally adjusted number of new housing units, excluding apartments, fell 8.9 per cent during August, well down on the 6 per cent fall recorded in the month prior.

SNZ said consents for 1193 new dwellings and 36 apartment units were authorised during the period.

When the volatile apartment category is included, the seasonally adjusted number of new housing units authorised fell 18 per cent, following a 2.4 percent rise in July.

Statistics New Zealand's business statistic manager Louise Holmes-Oliver said the trend for consents issued for new homes, excluding apartments, has been falling since March, following increases that began in April last year

The current level is 39 per cent lower than the most recent peak during June 2007.

To read the full NZ Herald article click here,

Posted: 30 Sep 2010

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