FX.co ★ New Zealand Building Consents Slump 1.9% In April

In April, New Zealand saw a seasonally adjusted 1.9 percent decline in the number of building permits issued, with a total of 2,926 permits, according to Statistics New Zealand.

Specifically, permits were authorized for 1,354 stand-alone houses, 1,296 townhouses, flats, and units, 178 retirement village units, and 98 apartments.

For the year ending in April 2024, the actual number of new dwellings consented was 35,401, representing a 23 percent decrease compared to the year ending in April 2023.

The annual value of non-residential building work consented stood at NZ$9.6 billion, reflecting a 1.2 percent decrease from the previous year.