NZ building consents fall 5.4 percent in November as apartment issuance declines

Wed, 09 Jan 2013

Jan. 9 (BusinessDesk) - New Zealand building consents fell 5.4 percent in November as the typically volatile demand to build new apartments shrank to its lowest level since April 2011. The number of new dwellings consented fell to a seasonally adjusted 1,423 in November from 1,505 a month earlier, according to Statistics New Zealand. Stripping out permits to build new apartments, consents rose 4.6 percent to a seasonally adjusted 1,382. There were just 39 consents issued for new apartments in November, all retirement village units, and 64...

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