New Zealand Building Permits Rise 3.7% In December

(RTTNews) - The total number of building permits issued in New Zealand was up a seasonally adjusted 3.7 percent on month in December, Statistics New Zealand said on Friday - coming in at 2,487.

Individually, permits were issued for 1,128 townhouses, flats, and units; 1,095 stand-alone houses; 161 apartments; and 103 retirement village units.

In the year ended December 2023, the actual number of new dwellings consented was 37,239, down 25 percent from the year ended December 2022.

The annual value of non-residential building work consented was NZ$9.4 billion, down 1.0 percent from the year ended December 2022.