New Zeeland home building consents rebounded in February

Market news

31 March 2017

New Zeeland home building consents rebounded in February

Home building consents rebounded in February 2017, but were up only slightly from February 2016, Stats NZ said today.

A total of 2,418 new homes were consented in February 2017 - up 1.6 percent from February 2016.

In seasonally adjusted terms, this was a 14 percent increase from January 2017. However, this only partly reversed large falls in November and December 2016.

"While we saw a strong seasonally adjusted increase this February, the actual number of homes consented was up only slightly from last year," business indicators senior manager Neil Kelly said.

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