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Consents up 26%, ASB expects 4% house price dip

Staff reporters
Wed, 01 Dec 2021

Terrace housing continues to lead the new build charge (Image: BusinessDesk)
Terrace housing continues to lead the new build charge (Image: BusinessDesk)
Staff reporters
Wed, 01 Dec 2021
New consents continued to track upwards through October, rising 26% to 47,715 new homes for the 12 months and marking the seventh record month in succession.Stats NZ data show a total of 4,043 new homes consented for the month, which in real terms was up 10% year-on-year but reflected a 2% drop on a seasonally-adjusted basis.Auckland again led the charge, adding 1,614 housing consents during the month and bringing total consents for the past 12 months to 19,936, up 4,263 units on the prior comparable period.About half of all new consents were f...

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