Liz Kendall, Senior Economist at ANZ, notes that the number of residential dwelling consents in New Zealand fell 1.5% m/m in September (seasonally adjusted) which included a 32% m/m boost in Canterbury consents (sa) and was offset by a 14% m/m drop in Auckland and a 0.5% m/m drop elsewhere. Key Quotes “The number of residential consents is down 12% in the quarter, following strong consent issuance in the June quarter. Consents have been volatile of late.” “Looking through recent volatility, residential investment looks set to end the year on a slightly softer note, albeit a softening from historically high levels.” “Residential consents continue to drift south in trend terms, which if sustained, will make it difficult to maintain recent high levels of building activity.” “Demand appears strong, but may be softening at the edges with the housing market softer and waning confidence. Industry challenges and delays may also be limiting activity.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Total private credit grew by 0.4% in September – Westpac FX Street 4 years Liz Kendall, Senior Economist at ANZ, notes that the number of residential dwelling consents in New Zealand fell 1.5% m/m in September (seasonally adjusted) which included a 32% m/m boost in Canterbury consents (sa) and was offset by a 14% m/m drop in Auckland and a 0.5% m/m drop elsewhere. Key Quotes "The number of residential consents is down 12% in the quarter, following strong consent issuance in the June quarter. Consents have been volatile of late." "Looking through recent volatility, residential investment looks set to end the year on a slightly softer note, albeit a softening from historically high… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
