NZ home building consents rise 11 percent in November, boosted by apartment developments

Wed, 08 Jan 2014

Jan 9 (BusinessDesk) – New Zealand building consents issued by local councils for new homes rose 11 percent in November, boosted by apartment developments. New dwelling consents, including apartments, rose to a seasonally adjusted 2,267 in November from 1,891 in October, according to Statistics New Zealand. Excluding apartments, seasonally adjusted consents fell 0.5 percent. Last month, New Zealand’s Reserve Bank exempted new home building from its lending restrictions on low-equity mortgages introduced in October, on concern they could limi...

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