Building consents drop 21.3% in March

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...

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