The number of building consents issued for new dwellings in New Zealand dropped 2.8 percent month-over-month to a seasonally adjusted 3,939 in May of 2021, losing steam after an upwardly revised 5.1 percent increase in the previous month. The annual number of new homes consented in the year ended May 2021 was 43,466, the highest annual number on record. source: Statistics New Zealand
Building Permits in New Zealand averaged 2095.90 from 1995 until 2021, reaching an all time high of 4052 in April of 2021 and a record low of 992 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 2021.
Building Permits in New Zealand is expected to be 3900.00 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 3800.00 in 12 months time. In the long-term, the New Zealand New Dwellings Building Consents is projected to trend around 3800.00 in 2022, according to our econometric models.