NZ residential building consents fall 1.7 percent in February, led by apartments

Sun, 30 Mar 2014

March 31 (BusinessDesk) - New Zealand building consents for residential housing fell 1.7 percent in February, the second straight monthly decline, as the number of apartments extended their decline from record levels at the end of 2013. New dwelling consents, including apartments, fell to a seasonally adjusted 1,915 in February from 1,949 in January, according to Statistics New Zealand. Excluding apartments and units, which are typically volatile from month to month, seasonally adjusted consents rose 3 percent to 1,805. Annual residential i...

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