New Zealand Building Permits Rebound In November

(RTTNews) - The number of building consents issued in New Zealand was up a seasonally adjusted 5.3 percent on month in November, Statistics New Zealand said on Monday - erasing the 5.2 percent decline in October.

In November, there were 3,100 new dwellings consented, including 1,437 townhouses, flats, and units; 1,402 stand-alone houses; 186 apartments; and 75 retirement village units.

In the year ended November 2024, the actual number of new dwellings consented was 33,609, down 12 percent from the year ended November 2023.

The annual value of non-residential building work consented was NZ$9.4 billion, down 1.6 percent from the year ended November 2023.