NZ residential building permits jump in November as apartments make up for shrinking house consents

Thu, 11 Jan 2018

By Paul McBeth Jan. 12 (BusinessDesk) - New Zealand residential building consents climbed 11 percent in November as a jump in apartments offset the fourth straight decline in new house permits. Seasonally adjusted new dwelling consents rose to 2,743 in November from 2,477 in October, Statistics New Zealand said. Of that, new house permits fell 1.3 percent to 1,694, dropping for a fourth month. "November’s rebound in home consents was driven by apartments, which tend to fluctuate a lot and were particularly low in October," constructi...

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