Latest home consent figures 'clearly' painting a picture of sector's recovery - Construction Minister
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The Construction Minister believes a picture is clearly being painted of a recovery in the sector.
Stats NZ figures show new home approvals rose 19% annually to June – topping 40 thousand for the first time since 2023.
More than 18 thousand consents were issued for standalone houses and 22 thousand for townhouses, representing increases of 17% and 21% respectively.
Chris Penk told Mike Hosking consents are just the start of a building process, and although people can't live in them, you wouldn't apply for one without the intention to build.
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