NZ residential buildings perk up in February after a lull

Thu, 30 Mar 2017

By Paul McBeth March 31 (BusinessDesk) - New Zealand residential building consents posted their biggest monthly gain in eight months in February, snapping out of a lull that persisted through spring and summer. Seasonally adjusted dwelling consents rose 14 percent to 2,605 in February, posting its first double-digit growth since June last year, with new housing permits also gaining 14 percent to 1,858, Statistics New Zealand said. Annual residential permits rose 8.7 percent to 30,162 in the year through Feb. 28, and new house consents ga...

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