Building consents trend up
Excluding apartment developments, the trend for new house consents was up 41% since March 2011, Statistics NZ said.
Compared to November 2011, there were 27% more house consents issued in November but only 39 apartment consents, down from 109 the year before.
Statistics NZ industry and labour statistics manager Blair Cardno said: “Since the latest low point in March 2011, we have seen continuous steady growth in the trend for the number of new houses consented. The trend for new houses, including apartments, has climbed 45% over the 20 months to November 2012.”
Westpac economists said consent issuance fell 5.4% in November after a 2% fall in October, but excluding apartments, consents were up 4.6% for the month.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)