Building Consents Hit Record Levels

The construction industry continues with very high level of activity across most of the country. Supply and labour issues are a constraining factor, but forward-looking indicators, such as building consents, do not suggest any slowdown in the short to medium term.

As detailed in this article, building consents for residential dwellings consented in the 12 months to August set an annual record at 46,453, up 24% compared to the 12 months to August 2020  https://www.interest.co.nz/property/112507/new-dwelling-consents-surge-august-particularly-auckland-and-canterbury