New Zealand Building Permits Plunge 21.3% In March

The total number of building permits issued in New Zealand in March was down a seasonally adjusted 21.3 percent on month in March, Statistics New Zealand said on Tuesday - coming in at 2,904.

That follows the upwardly revised 5.7 percent increase in February (originally 4.7 percent).

In March, dwellings were consented for: 1,722 stand-alone houses; 788 townhouses, flats, and units; 290 apartments; and 104 retirement village units.

In the year ended March 2020, the actual number of new dwellings consented was 37,606, up 9.0 percent from the March 2019 year.

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