NZ residential building consents slip 3.7% in April after surging in March

Tue, 29 May 2018

By Tina Morrison May 30 (BusinessDesk) - New Zealand residential building consents fell 3.7 percent in April, after rising 13 percent in March, as multi-unit projects such as apartments and townhouses caused volatility in the monthly numbers. Seasonally adjusted consents for all dwellings fell to 2,882 in April from 2,992 in March while seasonally adjusted permits for stand-alone houses slipped 1.4 percent to 1,737, Statistics New Zealand said. “Apartments and townhouses consented tend to be unevenly spread month to month, which causes...

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