New Zealand September Building Approvals data: -4.7% m/m (prior -7.0%)

<p>Building consents were -37.% y/y </p><p>Stats NZ comment:</p><ul><li>“The annual number of new homes consented has continued to decrease from its peak of 51,015 in the year ended May 2022,” </li><li>“However, the number of new homes consented in the year ended September 2023 is still at a higher level than any 12-month period prior to 2021.”</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.