NZ Building Permits for May: -0.9% m/m (prior +6.6%)

30 June 2016, 06:44
Sherif Hasan

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.

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