NZ home building consents drop 4 percent in June, quarterly growth still at 5-year high

Mon, 29 Jul 2013

July 30 (BusinessDesk) – New Zealand new home building consents fell in June though the decline wasn’t enough to prevent growth in the second quarter from reaching a five-year high, government figures show. New dwelling consents fell 4 percent, seasonally adjusted, in June from May, when they gained 1 percent, according to Statistics New Zealand. The latest two months followed a 21 percent surge in April, which accounted for the strong quarterly showing. In the 12 months ended June 30, consents were up 25.5 percent from a year earlier. This...

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