New build consents drop

PHOTO: IAIN MCGREGOR/STUFF – Only 35 foreigners were issued consents for new homes in January.

There has been a continued downturn in the number of residential building consents at the beginning of this year.

In December and January, the amount of residential consents fell sharply.

ANZ economists wrote in the latest Market Focus report that the downturn happened across all building consents and “may rebound”.

READ MORE VIA STUFF