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NZ building permits for Oct soars

FXStreet (Bali) - New Zealand building permits for October came at +8,8% vs -12.2% in Sept.

Key facts- NZ Statistics

2,152 new dwellings, including apartments

179 apartments, including 39 retirement village units

1,973 non-apartment dwellings.

The seasonally adjusted number of new dwellings consented, including apartments, increased by 8.8 percent in October, after decreasing 12 percent in September.

The trend for the number of new dwellings, including apartments, was recently at its highest level since August 2007, but is now decreasing. The trend is up 89 percent from the series minimum in March 2011, but is still 31 percent below the series peak in January 2004.

The unadjusted value of building work consented in October 2014 was $1,333 million. This consisted of:

$877 million of residential work

$456 million of non-residential work.

New Zealand Building Permits s.a. (MoM) up to 8.8% in October from previous -12.2%

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