• New Zealand building permits fell 10% in July

Market news

30 August 2018

New Zealand building permits fell 10% in July

In July 2018, the seasonally adjusted number of new dwellings consented fell 10 percent, following an 8.2 percent fall in June, and a 6.7 percent rise in May.

In the year ended July 2018, the actual number of new dwellings consented was 32,850, up 8.0 percent from the July 2017 year.

The annual value of non-residential building work consented was $6.8 billion, up 10 percent from the July 2017 year.

In July 2018, 2,752 new dwellings were consented:

The seasonally adjusted number of new dwellings consented fell 10 percent, following an 8.2 percent fall in June, and a 6.7 percent rise in May.

For stand-alone houses only, the seasonally adjusted number fell 6.0 percent, after a 3.9 percent fall in June, and 6.8 percent rise in May.

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