Wednesday 29th February 2012
|Text too small?|
New Zealand building consents rose last month, with the biggest increase in Canterbury, reflecting rebuilding efforts in Christchurch after the devastating earthquakes.
Building consents rose 8.3 percent to 1,326, seasonally adjusted and including apartments, according to Statistics New Zealand. Excluding apartments, consents rose 3.7 percent in January, the first gain in three months.
Canterbury’s gains were driven primarily by permits for retirement units, suggesting a build up of demand because of the ongoing aftershocks in the region that have delayed the reconstruction efforts.
Consents in Canterbury jumped to 379 last month, the highest of any region, from 199 in December. In the city of Christchurch alone, there were 209 consents issued, up from 61 in the previous month.
By contrast, new dwellings authorized in the North Island fell 0.8 percent to 595, with those issued in Auckland falling 10 percent to 232.
There were 198 consents issued for apartments, in unadjusted numbers, last month, from 148 in December.
In the year, total home building consents fell 9.1 percent.Total non-residential consents fell to 655 in January from 814 in December.
No comments yet
China’s Assertiveness Is Becoming a Problem for Its Friends, Too
New Talisman - Chairman’s Address to AGM 2020 August 6, 2020
T&G reports its 2020 Interim Results
Gold price hits $2,000 for first time on Covid
TruScreen strengthens its market presence in central and eastern Europe
Refining NZ announces non-cash impairment
Ryman Healthcare COVID-19 update Victoria
Talisman Quarterly Activities Report to 30 June 2020
General Capital gives notice of Annual Meeting
Scales Corporation - Business Update