The country recorded more than 40,000 new home consents in the year to June, the first time that level has been reached since 2023, according to newly released Stats NZ data.
Consents were up 19 percent compared with the previous year, with increases across standalone houses, townhouses and retirement villages.
The figures coincide with a 35.1 percent annual rise in construction job advertisements reported by SEEK, indicating stronger activity in the sector.
Building and Construction Minister Chris Penk said the Government’s programme of building system reforms aims to reduce regulatory barriers, expand access to overseas building products, speed up consent processing, increase competition among consent authorities, and introduce changes including proportionate liability, mandatory home warranties, professional indemnity insurance, and a fast-track consent pathway for homes incorporating sustainable features.
Image credit: Blake Wheeler
The problem is with what is transpiring in the middle east as a consequence the impending world wide energy crisis including shortages of diesel and gasoline
Up until now this picture has been air brushed with figures being massaged through the U.S. Strategic Petroleum Reserve’s sour crude—the only type that can be refined into the diesel trucks run on which is at 197 million barrels and falling
The operational floor is 140-150 million barrels which will be arrived at in September
And also through the fact China has not been importing usual volumes of oil also drawing on its strategic reserves
Russia has stopped exporting diesel as a temporary ban
Various oil infrastructure has been damaged in the Gulf and Gulf states are now starting to cap wells
So there is an economic tsunami coming that will soon rear its ugly head
And the fragile claimed recovery in NZ may be seriously eroded
NZ is totally oblivious and totally unprepared for the magnitude of what is coming with the Strait of Hormuz and Bab-el-Mandeb remaining closed and not likely to be reopened any time soon and the East West pipeline and infrastructure remaining highly vulnerable and highly likely to be targeted
The only good news is Drumph is not looking well