Building consents could be peaking?

Statistics New Zealand has released figures for August showing that building consents were at their highest level since 2007. While the numbers are increasing the trend is also levelling out indicating that any future growth (if any) may be small.

In dollar terms $1.2billion of work was consented in August with the large majority of that being for residential buildings ($753million). In the residential sector we also see a marked shift towards apartment developments, highlighting this growth area.

Click here to view Statistics NZ’s website, or here to read a summary produced by the Herald.

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