Housing market · New Zealand
New Zealand Building Permits MoM
The New Zealand Building Permits MoM tracks the housing market of New Zealand: house prices, building permits and starts, home sales, builders' confidence or mortgage demand.
- Importance
- Medium
- Released
- Monthly
- Next release
- Currency
- NZD · New Zealand dollar
- Central bank
- The Reserve Bank of New Zealand
Latest figures
The latest release for SEP, published on 2 November 2026, came in at -7.9%, down from 5.3% the time before (revised).
Over the last 12 releases it ranged from -7.9% to 10.9%, averaging -0.2%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 2 Nov 2026 | SEP | -7.9% | – | 5.3% ® |
| 30 Sep 2026 | AUG | 5.6% | – | -4.5% ® |
| 1 Sep 2026 | JUL | -4.3% | – | -3.7% ® |
| 2 Aug 2026 | JUN | -3.6% | – | -4.9% ® |
| 1 Jul 2026 | MAY | -4% | – | 11.1% ® |
| 2 Jun 2026 | APR | 10.9% | – | -0.8% ® |
| 30 Apr 2026 | MAR | -1.3% | – | 2.8% ® |
| 31 Mar 2026 | FEB | 2.7% | – | 2% ® |
| 2 Mar 2026 | JAN | 1.9% | – | -4.5% ® |
| 2 Feb 2026 | DEC | -4.6% | – | 2.7% ® |
| 13 Jan 2026 | NOV | 2.8% | – | -0.7% ® |
| 30 Nov 2025 | OCT | -0.9% | – | 7.3% ® |
Why it matters
Housing is the main channel through which interest rates reach the economy: higher mortgage rates cool sales and building first. Home prices drive household wealth and confidence, and in some countries (Australia, Canada, New Zealand, the UK) housing figures weigh heavily on central-bank decisions.
How it is calculated
Prices come from repeat sales of the same homes (Case-Shiller), mortgage-lender data (Nationwide, Halifax) or official registries; permits and starts from local authorities; sales from estate-agent associations; mortgage applications from lenders' weekly surveys.
What changes mean
- Permits lead starts, which lead construction activity by months.
- Falling sales with stable prices is the usual first stage of a cooling market.
- Mortgage applications react within weeks to changes in mortgage rates.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the New Zealand dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the New Zealand dollar tends to soften and markets price in lower rates.
A short history
Karl Case and Robert Shiller built their repeat-sales home price index in the 1980s; the 2006–2009 US housing collapse made housing data central to market analysis.
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Questions
What is the New Zealand Building Permits MoM?
The New Zealand Building Permits MoM tracks the housing market of New Zealand: house prices, building permits and starts, home sales, builders' confidence or mortgage demand.
What was the latest New Zealand Building Permits MoM?
-7.9% for SEP, published on 2 November 2026.
When is the next New Zealand Building Permits MoM?
On Tuesday 1 December 2026 at 21:45 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.