New Zealand residential building consents fell 3.7 percent in April, after rising 13 percent in March, as multi-unit projects such as apartments and townhouses caused volatility in the monthly numbers.
In today's email we check out the latest building consent figures from Statistics New Zealand.
Auckland's housing supply response isn't keeping up with demand, according to the latest dwelling consent figures published by Statistics New Zealand.
In today's email we catch up with the latest political and economic news, including the Pike River drift video, rising dwelling consents in Auckland and a drop in business confidence.
Limited competition, high duties on imported supplies and kickbacks to builders are among the issues tackled in the Ministry of Business, Innovation and Employment (MBIE) options paper on building material costs released on Wednesday. MBIE even suggested testing new building materials and techniques on state housing projects as one way to tackle fear of innovation in the wake of the leaky building saga.
The Government announced it would ask 6,500 teachers to hand back NZ$10.4 million of Novopay over-payments, the Environment Court approved Bathurst Resources's Escarpment Mine, Statistics NZ said it would prosecute 100 people who didn't fill in their census forms, KiwiSaver funds surpassed NZ$16.5 billion and a new High Commissioner was appointed to Australia.