31 Oct 2017

Building consent numbers fall

4:30 pm on 31 October 2017

A dip in the number of new houses has pulled down the number of building consents for the first time in six months.

No caption

Photo: 123rf.com

Official figures show the number of permits fell by a seasonally adjusted 2.3 percent in September on the month before.

It was the first monthly decline since April, with the number of consents for stand-alone house and apartment blocks falling.

The annual number of consents issued was up by 6 percent and remains close to 13-year highs.

Economists have said constraints in getting workers and materials for projects may be holding back the sector.

Get the RNZ app

for ad-free news and current affairs