For the y/y down 25%
Stats NZ on the y/y drop, not a good result at all:
- “The number of homes consented in 2023 was down from 49,538 in 2022, which was the highest number in a calendar year since records began”
Longer term view:
![nz building permits 02 February 2024 2](https://images.forexlive.com/images/nz%20building%20permits%2002%20February%202024_id_32a3a2c8-66e8-4e67-865f-72842f384998_size900.jpg)
NZD/USD is nudging to new highs compared with the overnight session. The USD was weak across the board. Risk caught a bid and bounced back strongly from the FOMC day selloff.