The total number of building permits issued in February in New Zealand was up a seasonally adjusted 1.9 percent on month, Statistics New Zealand said on Thursday.
That was shy of forecasts for a gain of 3.0 percent following the 0.4 percent contraction in January.
"The trend for new houses continues to grow, whether or not apartments are included. The number of new houses consented has been trending up for almost two years and is now 53 percent higher than the most recent low point in March 2011," industry and labor statistics manager Blair Cardno said. "This trend for the number of new houses, including apartments, is now at its highest level since May 2008."
On year, there were: 1,493 new houses, including apartments (up 24 percent); 1,351 new houses, excluding apartments (up 18 percent); and 142 new apartments (up 80 from 62).
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.