Residential building permits still coming off the boil

(Image: Depositphotos)

Tue, 01 Aug 2023

New residential building consents continued to fall in the month of June, with construction cooling from the peaks of recent years. The number of new residential permits fell 15.7% to 3,402 in June from the same month a year earlier, as consents for new apartments almost halved to 146 and confirmed applications for new houses dropped 13.5% to 1,515, according to Statistics New Zealand. Annual building consents fell 12.2% to 44,429 in the June year, accelerating from the 11.5% annual pace of decline in the May year.Gisborne, Tasman, Ne...

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