Misleading Stat: Near-Record Number of Home Consents (a 44-year High)
New dwelling consents are now at the highest level since 1975, but economists say that it’s likely they have reached their peak. A total of 33,576 new dwellings were consented nationwide in the year ending January 2019, according to the latest data from Stats NZ.
The record was in February 1974 when 40,025 of dwellings were consented nationwide.
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