The number of building consents issued for new dwellings in New Zealand rebounded a sharp 35.6 percent month-over-month to a seasonally adjusted 3314 in May 2020, after dropping an upwardly revised 9.9 percent in the previous month. Excluding apartments, flats, and retirement village units, the number of consents was 1768. In the year ended May 2020, the actual number of new dwellings consented was 37,010, climbing 6.6 percent from the May 2019 year.
Building Permits in New Zealand averaged 2031.52 from 1995 until 2020, reaching an all time high of 3420 in February of 2020 and a record low of 993 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. New Zealand New Dwellings Building Consents - values, historical data and charts - was last updated on July of 2020. source: Statistics New Zealand
Building Permits in New Zealand is expected to be 3400.00 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 3300.00 in 12 months time. In the long-term, the New Zealand New Dwellings Building Consents is projected to trend around 3400.00 in 2021 and 3800.00 in 2022, according to our econometric models.