Housing consents figures suggest slowdown
The latest housing consents figures contain a few suggestions that the long-awaited slowdown in the housing market may be starting.
Sunday, June 6th 2004, 8:30AM
by The Landlord
While the 2,486 consents worth $434.3 million for new homes granted in April were up 11% on April last year, they were well down on the 3,037 worth $562.6 million issued in March. Consents in March were up 19.7% on March last year.And in seasonally adjusted terms, consents were down 5.5% from March and this was the third successive monthly decline. The March decline was revised to 7.3% from the previously published 6.1% decline.
The annual number of consents for the year ended April reflects the strength of the boom, the 31,677 consents being up 12% on the previous year and the largest total for an April year since 1976.
Read More - Opens in a new window
| « Property investors refocus on cash flow | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
