New Zealand's new home construction consents dropped 7.4% in a year, impacting jobs and drawing policy criticism.
New Zealand saw a 7.4% drop in new home consents in the year ending February 2025, totaling 33,595 homes, with multi-unit consents falling 15% and stand-alone houses increasing 2.3%. Despite a monthly decline of 7.8%, seasonally adjusted consents rose 0.7% from January. Critics blame government policies for the slowdown, leading to fewer housing builds and job losses in construction.
6 days ago
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