New Zeeland's housing data disappoints

Market news

19 January 2017

New Zeeland's housing data disappoints

The seasonally adjusted number of new dwellings consented fell 9.2 percent in November 2016 compared with October 2016. This followed a 2.0 percent rise in October. The trend is showing signs of decreasing after reaching a 12-year high in mid-2016.

In the year ended November 2016, 30,303 new dwellings were consented - up 13 percent from the November 2015 year.

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