MoM Change in Building Permits in New Zealand
New Zealand| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-on-month change in the number of building consents issued for residential construction indicates how many residential building permits were issued in New Zealand in a given month compared to the previous month. This data is released monthly by Statistics New Zealand and is crucial for assessing trends in the housing market.
Month-on-month data helps understand how residential construction activity is fluctuating over short periods. An increase in the number of building consents suggests rising housing demand and a booming construction industry. Conversely, a decrease in the number of building consents may indicate declining housing demand and potential stagnation in the construction sector.
This data is a valuable resource for policymakers to evaluate the health of the housing market and formulate appropriate housing and economic policies. It also serves as an important source of information for businesses and investors to understand housing market trends and develop economic forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
