NZ building consents drop 9.1 percent in March on decline in apartment approvals

Mon, 29 Apr 2013

April 30 (BusinessDesk) – New Zealand new dwelling consents dropped in March, reflecting the lowest monthly number of apartment approvals in more than three years. Consents fell 9.1 percent, seasonally adjusted, last month, according to Statistics New Zealand. Excluding apartments, consents were down 3.1 percent. Canterbury was a bright spot in March, with 444 consents for homes, the highest in six years, with record numbers in Waimakariri and Selwyn districts, which are benefitting from people relocating from damaged communities in Christch...

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