Analysts at ANZ note that the New Zealand’s number of residential dwelling consents fell 3.9% m/m in June (seasonally adjusted). Key Quotes “The monthly fall in June saw quarterly consent growth decline 0.6% in Q2, following a robust 12.2% rise in Q1. Previous strength in consents had been concentrated in multi-unit dwellings, and this rose further in Q2. However, consents issuance has continued to be very weak for houses, with housing consents falling 3.9% q/q.” “Consented floor area – which better aligns to the volume of residential building work – fell 8% in the month to be down 4.7% q/q. Today’s release suggests that earlier strength in consents is unlikely to continue into the second half of the year.” “Overall, issuance suggests balanced risk around our near term construction activity outlook, but we are wary of downside developing from here.” “Quarterly growth in non-residential consents pulled back from a high level in Q2. Non-residential consented floor area has been volatile at a high level so far this year, suggesting non-residential activity may be topping out.” 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 EUR/USD: Upside still capped by 1.1150 ahead of German/ Eurozone data FX Street 4 years Analysts at ANZ note that the New Zealand's number of residential dwelling consents fell 3.9% m/m in June (seasonally adjusted). Key Quotes "The monthly fall in June saw quarterly consent growth decline 0.6% in Q2, following a robust 12.2% rise in Q1. Previous strength in consents had been concentrated in multi-unit dwellings, and this rose further in Q2. However, consents issuance has continued to be very weak for houses, with housing consents falling 3.9% q/q." "Consented floor area - which better aligns to the volume of residential building work - fell 8% in the month to be down 4.7% q/q.… 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.