NZ building consents rise for 3rd month in four in July with 6.3% gain
Aug. 30 (BusinessDesk) – New Zealand building consents for residential housing rose for the third month in four in July, suggesting the market is managing to slowly pull itself out of the doldrums.
The number of new dwellings authorised, excluding the volatile apartment series, rose to a seasonally adjusted 1,035 in July from 965 in June, according to Statistics New Zealand. Including apartments, consents rose to 1,203 from 995. The value of residential building consents dropped 14% to $420 million compared to July 2010.
The value of non-residential property consents rose 17% to $343 million last month from the same month in 2010.