Current Category: Housing Market
Is there a housing shortage in New Zealand?
Housing has been a key driver of the economy over recent years, both in creating strong growth and the recent recession. Recent house price, house sales and building consents data suggest the cycle is turning up, although there is considerable uncertainty around the sustainability of the recovery. A key point of contention is whether there is a shortage of housing. There is a considerable divergence of views among commentators. Our analysis suggests the rate of home building has kept pace with ...
posted in: Housing Market
ANZ Market Focus: July 2009 In Short Supply?
Page 2: Economic Overview
The new RBNZ liquidity policy should ensure that competition for local deposits remains intense. The main impact should be felt during the next cyclical upswing via reducing the temptation to fund (and fuel) credit demand via accessing short-term funding. All else being equal this should reduce the need to raise the OCR as far. This week's NZIER Quarterly Survey of Business Opinion is expected to mirror the National Bank survey and show confidence bouncing off lows...
posted in: Finance, Interest Rates, Housing Market