May Building Consents (also known as Building Permits) -4.6% m/m change

  • expected -2.5%, prior was +1.5%

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From Statistics New Zealand:

  • trend for the number of new dwellings consented is at its highest level since September 2007, but has flattened in recent months
  • trend for new dwellings has been increasing for three years, but is still 28 percent below the series peak in 2004