New Zealand Building Permits for January +2.1% m/m (prior +5.1% m/m)

NZ data, building consents for the first month of this year.

Last week the NZ government gave the RBVNZ a new remit, to pay attention to how its policy impacts house prices.

Thes best cure for high prices is probably high prices … will prompt more supply and the circle of life will take care of the rest … especially if the cash rate ever goes up. 

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