House consents at 13-year record in May, trend improving, Stats NZ says

House consents at 13-year record in May, trend improving, Stats NZ says
Sophie Boot
By Sophie Boot June 30 (BusinessDesk) - Local councils across New Zealand approved 7 percent more residential building consents in May, with house consents at a 13-year high as the trend for new dwellings continues to increase. The seasonally-adjusted gain in May followed falls in March and April, Statistics New Zealand said. A total 2,794 new dwellings were consented, including 2,039 houses, the highest monthly number since June 2004. On an annual basis, dwelling consents rose 8 percent, with 30,645 residential buildings consented in the...