NZ building consents fall 1.5 percent in October; Canterbury permits rise

Sun, 01 Jan 2012

Nov. 30 (BusinessDesk) - New Zealand building consents fell 1.5 percent in October, snapping four monthly gains, with Canterbury and apartments underpinning new permits and issuance up markedly on the previous year. The number of new dwellings consented fell to a seasonally adjusted 1,519 in October from 1,543 a month earlier, according to Statistics New Zealand. Stripping out apartment issuance, which tends to vary from month to month, new permits fell 2 percent to 1,315. However, today's figures show new dwelling consents climbed 32 percen...

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