Financial News: New Zealand Building Permits Sink 5.2% In October

New Zealand Building Permits Sink 5.2% In October

12/01/2024 - 17:28:00 (RTTNews)

(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjusted 5.2 percent on month in October, Statistics New Zealand said on Monday - coming in at 2,850.

That follows the 2.4 percent increase in September.

Individually, permits were issued for 1,363 stand-alone houses; 1,174 townhouses, flats, and units; 183 apartments; and 130 retirement village units.

In the year ended October 2024, the actual number of new dwellings consented was 33,467, down 16 percent on year.

The annual value of non-residential building work consented was NZ$9.3 billion, down 3.5 percent from the year ended October 2023.

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