Stats NZ has released figures on the number of building consents issued for new homes.

Consents in the year to November are down 12-percent on the previous 12 months.

They're down 34-percent on the peak of May 2022.

But it's been trending up slightly, over the past year.

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Other Business News

19 Nov: Auckland's St Kentigern College has revealed what led to a blaze in one of its classroom buildings this afternoon

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19 Nov: Seafood company Sanford has achieved a record full-year profit fuelled by a strong performance of its aqua-cultural business

19 Nov: Rents are declining in many parts of the country

19 Nov: An increase in cannabis use in the workplace is sparking concern ahead of Christmas "dos"

18 Nov: The Kiwi dollar is the weakest compared to Australia in 12 years - trading at just 87 Aussie cents

18 Nov: Promise of tougher times for scammers, thanks to a number of new endeavours aiming to build up our defences

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