NZ building consents fall in October on fewer apartments; Auckland construction strong

Wed, 29 Nov 2017

By Sophie Boot Nov. 30 (BusinessDesk) - New Zealand residential building consents dropped in October, led by a slide in permits for apartments. Some 2,549 new houses, apartments, townhouses, retirement village units, and flats were consented in October, down 9.6 percent from a year earlier. Of that total, 1,806 houses were consented, from 1,802 in October 2016, while consents for apartments fell 66 percent to 78 and consents for townhouses, flats and units rose 20 percent to 445. Retirement village unit consents rose 26 percent to 220....

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