NZ building consents for July rise to highest level in 5-years

Wed, 29 Aug 2012

By Hannah Lynch Aug. 30 (BusinessDesk) - New Zealand's July home building consents rose to the highest level for that month in five years, led by an increase in apartments climbing to their highest level since May 2009. The number of new dwellings authorised, including apartments, rose a seasonally adjusted 26 percent to 1,478, according to Statistics New Zealand. Excluding apartments, consents rose 20 percent to 1,243. The increase in apartments was led by Auckland and Christchurch, which had the highest number of consents in July since 20...

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