New Zealand residential building consents slide in November after quake

Wed, 18 Jan 2017

By Rebecca Howard Jan. 19 (BusinessDesk) - New Zealand's residential building consents took a tumble in November on a seasonally adjusted basis, largely due to earthquake disruption in the capital city of Wellington. Seasonally adjusted dwelling consents fell 9.2 percent to 2,406 percent in November, after rising 2 percent in October, Statistics New Zealand said. Permits for new houses fell 7.7 percent to 1,634 following a 1.4 percent slide in October. The monthly figures were helped by a jump in Auckland permits, which rose 46 percent t...

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