NZ building consents fall 0.4 percent in January on drop in apartments

Wed, 27 Feb 2013

Feb. 28 (BusinessDesk) – New Zealand home-building consents fell last month as a drop in approvals for apartments offset gains for other types of dwellings. Auckland and Canterbury continued to account for more than half of all consents. The number of consents fell 0.4 percent, seasonally adjusted, in January, after gaining 9.4 percent in December, according to Statistics New Zealand. Total consents were up 17.4 percent from the same month last year. Home-building consents in Auckland jumped 60 percent to 372 in January from a year earlier,...

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