I'm baffled, though, why there are still no measures of bank lending. You'd think that with the Bank now looking seriously at controlling the ease with which banks make loans or people get them - 'macro prudential' measures, as they're called, and the theme of a speech by Deputy Governor Grant Spencer today - there would be at least some data included on the likes of private sector credit or lending on housing.
Here, by the way, is the recent history of housing lending: as you can see, lending on housing is picking up (+4.9% year to April) but it is still quite modest growth by the standards of the early 2000s.
And here is total lending to the (resident) private sector over the same period.
Again, it's picking up a bit, but in April was running only +3.7% on a year ago.
Frankly, I'm not too sure what to make of these trends. On the face of it, they rather suggest that recent sharp increases in house prices in some parts of the country don't seem to be accompanied by any evidence that the banks have been opening their doors and saying, "fill your boots"....