Financial News: New Zealand Building Permits Rise 2.6% In September

New Zealand Building Permits Rise 2.6% In September

10/31/2024 - 18:58:00 (RTTNews)

(RTTNews) - The total number of building permits issued in New Zealand was up a seasonally adjusted 2.6 percent on month in September, Statistics New Zealand said on Friday - after slumping 5.2 percent in August.

In September, there were 2,943 new dwellings consented, comprising 1,378 stand-alone houses; 1,091 townhouses, flats, and units; 277 apartments; and 197 retirement village units.

In the year ended September 2024, the actual number of new dwellings consented was 33,677, down 17 percent on year.

The annual value of non-residential building work consented was NZ$9.1 billion, down an annual 6.4 percent from September 2023.

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