New Zealand residential building consents fell for a second month as more permits for new houses couldn’t offset a dip in the more volatile intentions to construct apartments and retirement village units.
“Consent values are the highest they’ve ever been,” business indicators senior manager Neil Kelly said. “However, in terms of the numbers we’re still not building quite as many homes as we did around 2004, and are still well short of the building boom in the mid-1970s.”
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