Satish Ranchhod, senior economist at Westpac, notes that the New Zealand’s residential consent issuance rose 16% in January, with annual issuance now at a 44 year high. Key Quotes “Residential dwelling consent issuance rose by 16.1% in January. In annual terms, the number of homes being consented is at a 44 year high, with 33,576 new homes consented over the past year.” “Today’s result was stronger than we had expected – we we’re forecasting a 2% drop after last month’s bounce. However, it’s not unusual to get large month-to-month swings in consent numbers associated with apartments or medium density projects which tend to be issued in lumps. We would expect to see some reversal next month.” “The size of the January rise may also have been exaggerated by seasonal trends – while issuance usually eases back during the January holiday period, this year it held up.” 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 GBP/USD: Bears await fresh clues heading into UK manufacturing PMI FX Street 4 years Satish Ranchhod, senior economist at Westpac, notes that the New Zealand's residential consent issuance rose 16% in January, with annual issuance now at a 44 year high. Key Quotes "Residential dwelling consent issuance rose by 16.1% in January. In annual terms, the number of homes being consented is at a 44 year high, with 33,576 new homes consented over the past year." "Today's result was stronger than we had expected - we we're forecasting a 2% drop after last month's bounce. However, it's not unusual to get large month-to-month swings in consent numbers associated with apartments or medium density projects… 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.
