July 2022

July 2022

August 30, 2022

The number of dwelling approvals dropped a seasonally adjusted 17.2% in July, against a 2.1% decline expected by the markets.

The July drop was driven by consents for private sector dwellings excluding houses, which saw a 43.5% plunge and reached the lowest level since January 2012.

Private sector house approvals saw a slight 0.7% uptick, which was the second monthly gain in a row.

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