|
Building consents stay in the doldrums
 |
New Zealand's residential property sector remained subdued last month with permits for new construction edging up from a slump in May, while commercial property extended its decline.
Consents for new homes, excluding apartment approvals, rose 1.7 per cent to 1,316 in June from the same month a year ago after a 10 per cent slump a month earlier, according to Statistics New Zealand data. Including apartments the number of new homes authorised rose 3.5 per cent to 1,373.
"Dwelling consents tends to lead construction activity by around three months, and recent trends in consent issuance points to a relatively subdued recovery in residential construction activity," said Jane... Full Story |
|
Story Submitter
|
|
Story Stats
Submitted Jul 29, 2010 8:14pm
Members who voted Useful for this story:
Members who voted Fade for this story:
|
|
Your Vote?
 Useful |
 Fade |
| Cast your vote for this story! |
| Your vote helps fellow traders identify the most useful stories! |
|
|
|
