The number of building permits issued in New Zealand increased by a seasonally adjusted 26.2% in July, totaling 3,352 permits, according to Statistics New Zealand’s latest report. This rise follows a downward revision of June’s figures, which showed a 17.0% contraction, initially reported as a 13.8% decline.Breaking down the July data, consents were granted for various types of dwellings: 1,685 stand-alone houses, 1,333 townhouses, flats, and units, 234 retirement village units, and 100 apartments.For the year ending in July 2024, the total number of new dwellings consented stood at 33,921, representing a 22% decrease compared to the year ending July 2023. The annual value of non-residential building consents also saw a decline, amounting to NZ$8.9 billion, down 12% from the previous year’s figures.The material has been provided by InstaForex Company – www.instaforex.com
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