New building consents fall in July as retirement village plans slow

Tue, 01 Sep 2020

New home consents fell a seasonally adjusted 4.5 percent in July reflecting a pullback in retirement village development permits.Still, new consents for townhouses and stand-alone houses remained elevated, helping push seasonally adjusted new residential permits to almost 10,000 since the April lockdown and seasonally adjusted new dwelling consents to 37,491 in the 12 months ended July 31. The number of retirement units planned slipped to 135 in the month of July, down from 288 in June. In contrast, there were 1,030 new...

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