New Zealand Building Consents for May
- For the m/m, down 0.9% (prior +6.6%
- For the y/y, up 13% to an 11 year high
From Stats NZ:
- consents for new dwellings are at a higher level than in 2015, but there has been little growth in recent months
- "The trend for new stand-alone houses is increasing, but for all dwellings is flat"
M/m figures are volatile - but the graph shows the trend more clearly - levelling off at present.