Stats NZ add that:

  • the number of new homes consented was higher than any February month between 1975 and 2018
  • Experimental statistics released today indicate that it currently takes about 18 months on average for consented new dwellings to be built.

Building consents +14.9% m/m

  • prior-8.6%
  • for the y/y -6.0%
house pic