Auckland housing consents surged in year ended October

Thu, 29 Nov 2018

By Jenny Ruth Nov. 30 (BusinessDesk) - Consents to build new houses jumped in the year ended October with Auckland leading the charge. The 13,078 new homes consented in New Zealand’s biggest city were up 25 percent on the previous year and exceeded 13,000 for the first time since the early 1970s when house construction briefly hit similar levels. Statistics New Zealand notes that Auckland’s population was less than half what it is now in the 1970s. Auckland consents are now four times as many as at the most recent low point in the y...

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