Costs impact on consents
New Statistics NZ data shows there were 1,916 new dwellings consents issued nationwide in January which, once seasonally adjusted, was a modest rise of 0.2% on December 2017.
This comes on the back of recent volatility: there was a 9.4% increase in consents issuance issuance in November followed by a 9.5% fall in December.
Stats NZ construction statistics manager Melissa McKenzie says that recent volatility aside, overall consent numbers are fairly flat, and levels remain below both recent and historic peaks.
But January is typically a quiet month for consents and this January was up on the previous few, she says.
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