NZ building consents flatline in August

Mon, 29 Sep 2014

By Suze Metherell Sept. 30 (BusinessDesk) - New Zealand building consents held steady in August from a month earlier, underpinned by approvals for apartments and retirement village units. The number of seasonally adjusted consents was flat at 2,104 in August, the same reading as in July, which recorded a 1.7 percent drop from the previous month, Statistics New Zealand said. Excluding apartments, which can be volatile, consents dropped 1.6 percent to a seasonally adjusted 1,794 in August, following a 2.3 percent drop in July. "Residenti...

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