Townhouses boost NZ building permits to 45-yr high

Tue, 02 Jul 2019

By Rebecca Howard July 2 (BusinessDesk) - Townhouses boosted New Zealand residential building consents to their highest level in 45 years. Seasonally adjusted residential permits rose to 3,173 in May, up 13 percent from April when they fell 7.9 percent, Stats NZ said. In actual terms, there were 3,687 homes consented in May, up 8.2 percent from a year earlier. Of those, 1,984 were stand-alone houses while 919 were townhouses, flats and units. The stand-alone houses were down 8.4 percent versus the same month a year earlier while ap...

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