New home consents dip

Photo / Hawkes Bay Today

The figure of 893 new homes, excluding apartments, approved in April was down 32 per cent from a year earlier, Statistics New Zealand says.

This was consistent with the longer-term picture provided by the trend, which had fallen nearly one-third since March 2010, SNZ said.

But data for recent months showed the rate of decline was easing.

The value of consents issued for residential buildings was $354 million in April, down 26 per cent on a year earlier.