New Zealand - April Building Consents (Permits): -1.7% m/m
- prior was +11.0%
- Up 1.4% y/y
Comments from Statistics NZ:
- Apartment consents reached a seven-year high in April 2015
- Building consents were issued for 467 apartments. Almost all of these apartments will be built in Auckland
- "Consented apartment numbers often fluctuate, but have returned to historical average levels in the last couple of years, following four low years," business indicators manager Neil Kelly said.
- "Consents for houses and townhouses are also at historical average levels, while retirement village consents have reached record highs over the past year."
