31 Oct 2014

Housing consents fall 12.2% in Sept

1:32 pm on 31 October 2014

Consents to build new houses fell 12.2 percent in September and, for once, it could not be blamed on volatile numbers of consents to build apartments.

Construction worker.

Consents to build new houses fell 10.4 percent when apartments were excluded from the results. Photo: PHOTO NZ

Excluding apartments, consents were down 10.4 percent, adjusting for seasonal variations.

The Government Statistician, Liz MacPherson, said the trend in consents was now easing but was still about 10 percent higher than a year ago.

Westpac economist Michael Gordon said it was possible people were deferring decisions about building in the lead-up to the general election.

"I suspect this is more issues with timing rather than telling us anything fundamental about what's going on in the building industry."

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