New Zealand Building Permits Sink 5.3% In August

(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjusted 5.3 percent on month in August, Statistics New Zealand said on Tuesday - coming in at 2,881 consents.

That follows the 26.4 percent spike in July.

Individually, permits were issued for 1,422 stand-alone houses; 1,137 townhouses, flats, and units; 275 retirement village units; and 47 apartments.

On a yearly basis, permits were down 20 percent at 33,632.

In the year ended August 2024, non-residential building consents totaled NZ$9.1 billion, down 7.9 percent on year.