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New Zealand Building Consents Issued: May 2017
In May 2017, building consents were issued for 2,794 new dwellings: • 2,039 houses • 495 townhouses, flats, and units • 7137 retirement village units • 123 apartments. The seasonally adjusted number of new dwellings consented rose 7.0 percent. Including alterations, the value of building work consented in the May 2017 month was $1.8 billion, comprising $1,229 million of residential work and $605 million of non-residential work. The trend for the number of new dwellings consented is increasing. It reached a 12-year high in mid-2016, but decreased towards the end of the year. In the year ended May 2017, 30,645 ... (full story)