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27 Feb 2014
New Zealand's building permits decline in January
FXStreet (Bali) - New Zealand's building permits for the month of January (m/m) came at -8.3% vs -3.5% expected and +7.6% last.
Key facts - Statistics NZ
In January 2014, building consents were issued for:
- 1,640 new dwellings, including apartments
- 154 apartments, including 88 retirement village units
- 1,486 non-apartment dwellings.
The seasonally adjusted number of new dwellings, excluding apartments, fell 1.3 percent, following a rise of 11 percent in December.
The trend for new dwellings, excluding apartments, is at its highest level since January 2008, and is 79 percent higher than the most-recent low point in March 2011. However, it is still 24 percent below the series maximum in September 2003.
The unadjusted value of building work consented in January 2014 was $930 million. This consisted of $642 million of residential work and $289 million of non-residential work.
Key facts - Statistics NZ
In January 2014, building consents were issued for:
- 1,640 new dwellings, including apartments
- 154 apartments, including 88 retirement village units
- 1,486 non-apartment dwellings.
The seasonally adjusted number of new dwellings, excluding apartments, fell 1.3 percent, following a rise of 11 percent in December.
The trend for new dwellings, excluding apartments, is at its highest level since January 2008, and is 79 percent higher than the most-recent low point in March 2011. However, it is still 24 percent below the series maximum in September 2003.
The unadjusted value of building work consented in January 2014 was $930 million. This consisted of $642 million of residential work and $289 million of non-residential work.