Press Release – New Zealand Government
Hon Poto Williams
· A record 41,028 new homes have been consented in the year ended March 2021
· March 2021 consent numbers the highest since the 1940s
· Record number of new homes consented in Auckland
The number of new homes consented is at an all-time high, showing a strong and increasing pipeline of demand for the residential building sector, says Minister for Building and Construction Poto Williams.
Figures from Statistics New Zealand released today show the number of new homes consented in the year ended March 2021 is at an all-time high of 41,028, due to an increase in consents for higher-density housing.
New Zealand Building Permits Surge 17.9% In March The total number of building permits issued in New Zealand spiked a seasonally adjusted 17.9 percent on month in March, Statistics New Zealand said on Thursday – coming in at 4,218.
That follows the 19.3 percent monthly contraction in February.
Permits were issued for 2,438 stand-alone houses, 1,243 townhouses, flats and units, 276 retirement village units and 261 apartments.
In the year to March, building permits climbed 9.1 percent at 41,028.
The annual value of non-residential building work consented was NZ$7.5 billion, up 5.3 percent from the March 2020 year.
The material has been provided by InstaForex Company – www.instaforex.com
Market Summary
Retirement Intelligence
New Zealand Building Permits Spike 17.9% In March
The total number of building permits issued in New Zealand surged a seasonally adjusted 17.9 percent on month in March, Statistics New Zealand said on Thursday – standing at 4,218.
Market Summary
Retirement Intelligence
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The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis.
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The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis.
“Today’s figures from Statistics New Zealand show that 54% of all working people did not receive a pay increase in the last year. People working in both the public and private sectors experienced wage increases as measured by the Labour Cost Index of 1.6% – which means that in real terms their wages were flat. As the economy recovers from COVID-19, we should be making sure that all working people are benefitting from that recovery,” said CTU Economist and Director of Policy Craig Renney.