The number of building consents issued for new dwellings in New Zealand increased 9.9 percent month-over-month to a seasonally adjusted 3275 in December 2019, rebounding from a downwardly revised 8.4 percent decline in the previous month and compared to market expectations of a 0.3 percent drop. Excluding apartments, flats, and retirement village units, the number of consents for new houses climbed 2.1 percent. In the year ended December 2019, the actual number of new dwellings consented was 37,538, up 14 percent from a year earlier.
Building Permits in New Zealand averaged 2015.34 from 1995 until 2019, reaching an all time high of 3393 in June of 2004 and a record low of 994 in January of 2009. This page provides the latest reported value for - New Zealand Building Permits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Statistics New Zealand
Building Permits in New Zealand is expected to be 3300.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in New Zealand to stand at 3600.00 in 12 months time. In the long-term, the New Zealand New Dwellings Building Consents is projected to trend around 3980.00 in 2021, according to our econometric models.