
Housing data 'probably cannot get any worse' - economist
Building consent figures fell sharply in December, with one economist saying they probably cannot get any worse.
Building consent figures fell sharply in December, with one economist saying they probably cannot get any worse.
Three out of four New Zealand homes are failing to meet new energy-efficiency standards.
Fletcher Building, expects the residential property market to pick up next year when rebuilding begins in Canterbury and the government's response to 'leaky homes' comes into effect.
The number of consents issued for new homes has fallen to its lowest level in more than a year, Statistics NZ said today.
The Govt hopes a new state house will be a heartening example for first-home owners.
The news is good - and bad - says the Bank of New Zealand's Tony Alexander.
Global re-insurance companies will probably take the bulk of losses for claims from the Christchurch earthquake not covered by EQC, says Moody's.
A report prepared by business researcher Infometrics is predicting house prices will fall 4.1 per cent by next June.
NZ's residential property sector remained subdued last month with permits for new construction edging up from a slump in May, while commercial property extended its decline.
The number of consents issued for new home building nudged up 1.7pc in June.
The number of consents issued for new homes fell 9.5 per cent during May, following a 13.4 per cent rise during April, Statistics New Zealand says.
About 10,000 new homes need to be built in NZ to keep pace with population growth and ease the current housing squeeze, a new report shows.
Nick Smith says he is "delighted" a $15 million defamation lawsuit against him has been settled out of court.
It is notoriously hard to fix up a leaky building that has been poorly designed or built to start with.