Drop in number of new homes consented
The number of new homes consented in April 2020 was nearly 17 percent lower than in April 2019, Stats NZ said today.
This was the biggest percentage fall in monthly consents compared with the same month in the previous year since July 2011.
A total of 2,168 new homes were consented in April, bringing the number of new homes consented in the April 2020 year to 37,180. This was slightly down from the February 2020 year, which produced a 45-year record of 37,882 new homes consented.