NZ building consents rise 7.8 percent in September, biggest growth since March

Tue, 30 Oct 2012

By Paul McBeth Oct. 31 (BusinessDesk) - New Zealand building consents rose 7.8 percent in September, its fourth straight gain and biggest growth since March, as intentions to build in Auckland and Christchurch gather pace. The number of new dwellings consented rose to a seasonally adjusted 1,540 in September from 1,429 a month earlier, according to Statistics New Zealand. Stripping out apartments, which tend to be volatile, issuance rose 5.6 percent to 1,339, seasonally adjusted. New dwelling consents were up 22 percent from the same month...

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