NZ building consents fall for a third month in February

Mon, 30 Mar 2015

By Suze Metherell March 31 (BusinessDesk) - New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed. Seasonally adjusted dwelling consents, including apartments and retirement units, dropped 6.3 percent to 1,953 in February from a month earlier, accelerating from the 5.6 decline in January, according to Statistics New Zealand. Stripping out apartments, housing consents declined for the second consecutive month, down 1.4 percent to 1,685. On an unadjusted basis, new apart...

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