The total number of building permits issued in New Zealand decreased for the second straight month in April, figures from Statistics New Zealand showed Tuesday.
The number of new dwellings consented fell a seasonally adjusted 7.6 percent month-over-month in April, much faster than the 1.2 percent drop in March.
"Councils don't usually issue building consents on public holidays, so the timing of Easter drove a fall in April's building consents," business indicators senior manager Neil Kelly said.
In the year ended April 2017, 30,371 new homes were consented - up 8.3 percent from the previous 12 months, and the most for an April year since 2004.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.