Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Building Consents - July 2002


We have just published the following research.

Data Flash (New Zealand) Building Consents - July 2002

A 274% surge in apartment consents to a historic high drove new dwelling consents 12.4% mom higher in July. Excluding apartments, a more moderate - but still steady - rise of 4.2% mom was recorded. Such a high level of consent issuance for apartments is unlikely to be sustained. Therefore, we expect total August consents to decline around by 8% mom, even given further growth in consents for single unit dwellings.

Based on past relationships with house sales, the trend rise in dwelling consents should continue for a month or two yet before beginning to moderate. House sales have declined by around 10% over the past three months and typically provide around a 4-month lead on trends in dwelling consent issuance. Non-residential building consents with a value of $286m were issued in July - the highest level recorded since October 2001. The three-month running total was 7.7% higher than a year earlier.

Darren Gibbs, Senior Economist

***The attached research constitutes Deutsche Bank's proprietary information*** This, along with an extensive range of other publications, is available on our web site http://research.gm.db.com


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.