NZ residential building consents fall 5.7% in September

Thu, 29 Oct 2015

By Tina Morrison Oct. 30 (BusinessDesk) - New Zealand residential building consents fell for a second month in September as activity recovers from a spike higher in July. Seasonally adjusted consents slipped 5.7 percent to 2,232 in September, following a 5.3 percent slide in August, and a 20 percent jump in July, according to Statistics New Zealand. Permits to build new houses gained 1.5 percent to 1,684. "The fall this month is not a huge surprise," Westpac Banking Corp industry economist David Norman said in a note. "Consents in July...

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