NZ residential building consents slip 11% in July, after spike in June

Mon, 29 Aug 2016

By Tina Morrison Aug. 30 (BusinessDesk) - New Zealand residential building consents fell 11 percent in July, partly reversing a spike higher in June due to applications for retirement villages and multi-unit dwellings. Seasonally adjusted dwelling consents slipped to 2,629 in July from 2,938 in June, when they jumped 22 percent, Statistics New Zealand said. On an annual basis, dwelling consents rose 13 percent to 29,084, marking the highest level for a July year since 2004, the agency said. Record net migration is putting pressure on t...

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