Tony Alexander

Economic Commentaries

Weekly Overview 2 November 2017

Thursday November 2nd 2017

There’s a lot to write about this week so the Overview runs to seven pages. We look at the feasibility of planting 100 million trees a year, impact of perhaps 20-30,000 fewer immigrants, plus the likelihood of 10,000 affordable houses being built.

We also look at comments by the new Finance Minister, a small upward trend in housing consents, pre-Government fall in business sentiment, long overdue “ban” on foreign buying of existing houses, great strength in the labour market, and a warning to business about labour market tightening getting a lot worse because of the turning of net migration flows before jobs growth has turned – an unusual situation. Also, for a laugh, we calculate historical average house price rises under National and Labour – at 6.6% and 12.6% per annum respectively post-1989. Enjoy.