NZ residential building consents decline 0.9% in May

Wed, 29 Jun 2016

By Tina Morrison June 30 (BusinessDesk) - New Zealand residential building consents declined 0.9 percent in May with Auckland permits still falling short of demand. Seasonally adjusted consents slipped to 2,377 in May from 2,398 in April when they rose 6.8 percent, Statistics New Zealand said. House permits slid 4.9 percent following a 15 percent rise in April. On an unadjusted basis, new housing consents were up 16 percent to 2,520 in May from the same month a year earlier, and up 13 percent on an annual basis to an 11-year high of 28,38...

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