As per Stats NZ, the number of new homes consented in May 2020 increased by a whopping 64 per cent from the previous month. It is the most significant monthly change since February 1972.
In May 2019, 3,724 new homes were consented, which stood at 3,554 in May 2020, the highest number since May 2019. In April, the number stood at 2,168.
For the seasonal estimate, increase from April to May 2020 was 36 per cent, after a decline of 9.9 per cent in April. Both these number show a strong bounce back.