Building consents drop 21.3% in March

Staff reporters
Tue, 05 May 2020

Residential building consents dropped a seasonally adjusted 21.3 percent in March to 2,659, the steepest decline since October 2008 when the global financial crisis set in.Stats NZ said the covid-19 pandemic and lockdown made it hard for some councils to process consents, and two – Ruapehu and Upper Hutt City - weren’t able to provide their figures in time for today’s release. The figures will be updated next month.Annual residential building consents rose 9 percent to 37,606, off their 45-year high of earlier months. The valu...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector
Fonterra's FY result looking good
Rebecca Howard | Fri, 12 Aug 2022

The co-op said earnings for the year to July 31 were at the top end of the 25–35 cents per share guidance it has signalled.

Finance
Doubling in extreme weather events hits IAG’s margins
Riley Kennedy | Fri, 12 Aug 2022

The insurer's New Zealand arm reported an insurance profit of A$220 million (NZ$242m), down from A$305m. 

Sport
Business of Sport: rot runs deeper than Ian Foster
Trevor McKewen | Fri, 12 Aug 2022

The All Blacks coaching position is just the tip of the iceberg for NZ Rugby.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.