IT'S HOT BUT ARE THERE COOLER TIMES AHEAD?

By NZHJ February 05, 2016 Industry news

Here we're not talking about the current summer temperature but building consents.

Statistics NZ, with its final instalment of building consents for the 2015 calendar year, confirms our suspicion that consent growth has indeed softened compared  to the previous three years.

Some 27,000+ new dwellings were consented in 2015, which is +10% on 2014, compared to (admittedly reducing) increases of 15-25% in each of the three previous years.

By value, the year finished similarly with total residential consents for calendar year 2015 coming in at $10.5 billion (+11% on calendar 2014).

Non-residential consents finished calendar 2015 a bit stronger at $5.9 billion or +16% on 2014.

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