The rate of inflation in the house-building sector halved in the latest quarter but still hit a new annual high of 10.4 per cent, according to a study out
Consents to build new homes jumped back up in July following a decline in the previous month.
StatsNZ said the number of new dwellings consented dropped 2.
New housing consents granted nationally exceeded 50,000 for the fourth month in a row but a survey out today shows declining confidence from builders and a