Consents in decline as build projects past 'peak'

Consents in decline as build projects past 'peak'
Cyclone rebuild will 'only slow the pace of decline'. (Image: BusinessDesk)
Staff reporters
The number of standalone housing consents was down more than a quarter to 1,067 for January, bringing the number of overall new home consents down 2% year-on-year to 2,777 homes, Statistics NZ said.Consents for multi-unit homes, including townhouses, apartments, retirement village units and flats, were up 22% to 1,710.That took the total number of new home sign-offs to 49,480 for the 12 months, up 1.4% on the year before. Auckland accounted for 21,163 of those, Canterbury was at 8,889 and Waikato build approvals were at 4,690.Westpac senio...

More Property

Getting to the bottom of CBD vacancies
Retail

Getting to the bottom of CBD vacancies

Hybrid working patterns are reportedly a factor in retail vacancy rates.

Convention centre subbies say fire not their fault
Property

Convention centre subbies say fire not their fault

Millions at stake in the Fletcher v subbies trial.

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025