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Financial News: New Zealand Building Permits Rise 2.1% In January

New Zealand Building Permits Rise 2.1% In January

03/02/2021 - 16:51:00 (RTTNews)

(RTTNews) - The total number of building permits issued in New Zealand was up 2.1 percent on month in January, Statistics New Zealand said on Tuesday - coming in at 3,025.

That follows the upwardly revised 5.1 percent increase in December (originally 4.9 percent).

On a yearly basis, permits were up 5.8 percent to 39,881 from January 2020.

The annual value of non-residential building work consented was NZ$7.0 billion, down 5.8 percent from a year earlier.

In January, permits were issued for 1,487 stand-alone houses; 895 townhouses, flats, and units; 521 apartments; and 122 retirement village units.

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