New home consents have fallen to the lowest point in five years.

Stats NZ figures show fewer than 34,000 new homes were consented in the year to June - a 24 percent fall annually.

Consents for multi-unit homes, including townhouses, apartments, retirement village units and flats are down 28 percent.

Construction sector advisor Mike Blackburn says this downturn has impacted the whole country.

LISTEN ABOVE

New home consents have fallen to the lowest point in five years.
Stats NZ figures show fewer than 34,000 new homes were consented in the year to June - a 24 percent fall annually.
Consents for multi-unit homes, including townhouses, apartments, retirement village units and flats are down 28 percent.
Construction sector advisor Mike Blackburn says this downturn has impacted the whole country.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Mike Blackburn: construction sector advisor on new home consents dropping to lowest level since 2019

A vigil for the victims of this week's deadly stabbing in Southport was disrupted by protestors, resulting in destruction and injuries.

Protesters, believed to be supporters of the far-right English Defence League, threw bricks at a local mosque, set vehicles on fire and threw bottles and bricks at police.

UK correspondent Gavin Grey says unconfirmed reports about the 17-year-old behind the attack may have prompted this attack.

LISTEN ABOVE

A vigil for the victims of this week's deadly stabbing in Southport was disrupted by protestors, resulting in destruction and injuries.
Protesters, believed to be supporters of the far-right English Defence League, threw bricks at a local mosque, set vehicles on fire and threw bottles and bricks at police.
UK correspondent Gavin Grey says unconfirmed reports about the 17-year-old behind the attack may have prompted this attack.
LISTEN ABOVE

Gavin Grey: UK correspondent on the vigil for the Southport stabbing victims being disrupted by protestors

US-based frozen potato giant Lamb Weston's profits have been dropping, off the back of a rocky financial period for the company.

This is off the back of the company's shares falling almost 50 percent over the course of 2024.

Milford Asset Management's Stephanie Batchelor unpacks this downturn.

LISTEN ABOVE

US-based frozen potato giant Lamb Weston's profits have been dropping, off the back of a rocky financial period for the company.
This is off the back of the company's shares falling almost 50 percent over the course of 2024.
Milford Asset Management's Stephanie Batchelor unpacks this downturn.
LISTEN ABOVE

Stephanie Batchelor: Milford Asset Management Analyst on Lamb Weston's profits dropping

One expert has claimed there are upsides and downsides to the Government's changes to finance laws.

From today, the Government is dropping prescriptive affordability regulations from the Credit Contracts and Consumer Finance Act.

NZ Herald Wellington business editor explains whether these changes will make it easier on Kiwis looking to buy their first home.

LISTEN ABOVE

One expert has claimed there are upsides and downsides to the Government's changes to finance laws.
From today, the Government is dropping prescriptive affordability regulations from the Credit Contracts and Consumer Finance Act.
NZ Herald Wellington business editor explains whether these changes will make it easier on Kiwis looking to buy their first home.
LISTEN ABOVE

Mike Blackburn: construction sector advisor on new home consents dropping to lowest level since 2019

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