NZ building consents slide 8.3 percent in January as apartment permits slip from records

Thu, 27 Feb 2014

Feb. 28 (BusinessDesk) - New Zealand building consents for residential housing dropped 8.3 percent in January as the number of new apartments and retirement units dwindled from records in November and December. New dwelling consents, including apartments, fell to a seasonally adjusted 1,969 in January from 2,147 a month earlier, according to Statistics New Zealand. Excluding apartments and units, which are typically volatile from month to month, seasonally adjusted consents slipped 1.3 percent to 1,747. Annual residential issuance rose 26...

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