Have home consents hit their ceiling?

Have home consents hit their ceiling?
Surging build costs could put the brakes on new projects. (Image: BusinessDesk)
Brent Melville
Annual housing consents continued to roll at above the 50,000 level last month, after hitting their highest number ever in March.While that’s up 18% on the comparable period, it's down from the 50,858 approvals through to the end of March. Statistics NZ said the 3,719 new dwellings consented for the month was also down 8.5% on a seasonally adjusted basis on the month before.But it does mark a continuation of more multi-unit homes being consented than standalone houses, with 25,687 terraced houses, apartments and townhouses signed...

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