NZ residential building consents rise 1.8% in November on retirement village growth

Sun, 10 Jan 2016

By Paul McBeth Jan. 11 (BusinessDesk) - New Zealand residential building consents rose 1.8 percent in November, with demand for retirement village units driving approvals in the month. Seasonally adjusted consents rose for a second month to 2,377 in November from 2,363 in October, even as approvals for new houses fell 0.3 percent to 1,652, according to Statistics New Zealand. On an unadjusted basis, dwelling consents climbed 17 percent to 2,831 from November a year earlier, led by retirement village units more than doubling to 321. Resid...

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