New Zealand January Building Permits Report: Insights and Analysis
Thursday, 29 February 2024, 21:45
New Zealand Building Permits Report
The recent release of data on building permits in New Zealand for January 2024 has revealed a notable -8.8% month-on-month decline. This follows a previous increase of +3.7%. The negative trend is exacerbated by a -28.3% year-on-year drop in building consents.
Stats NZ Findings
The report from Stats NZ indicates that fewer new homes were consented in January 2024 compared to the corresponding months in the past five years. This decline raises concerns about the state of the construction industry in New Zealand.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.