Housing market

Tony Alexander's economic commentary.

BNZ Chief Economist, Tony Alexander, writes about the housing market in this week's edition of his Weekly Overview. Download the full commentary below.

Housing market update

Thursday 16 February 2012

Housing Market Pauses In January

During January there were 4,074 dwellings sold around New Zealand. Compared with a year ago this was a rise of 25% but in seasonally adjusted terms it was a fall of 4% from December. Monthly data can be volatile around a trend however and that trend still appears upward with a gain in sales of 5% over the three months to January.