November Building Permits, aka building consents: +1.8% m/m

  • prior was +5.1%

Comments from Statistics New Zealand

  • The number of new dwellings consented reached a 10-year high in November
  • The trend (which gives a longer-term picture of movements) increased 0.6 percent, and is at its highest level since July 2004
  • "Dwelling consents were up 17 percent from the year before, driven by increases for houses and retirement village units."
  • A total of 2,831 new dwellings were consented in November 2015 - the most in a month since March 2005, when 3,027 new dwellings were consented