Home approval numbers show ‘strong increases’
"Excluding apartments, the seasonally adjusted increase of 17% in August was boosted by 57 earthquake-related dwellings."
SNZ said that including apartments, the total number of home approvals rose 13%, boosted by 179 apartment units.
The latest rises in home approvals confirm the upswing seen over the last five months, with the ex-apartment consent numbers seeing small increases since February 2011 and including apartment figures rising since March 2011.
JPMorgan economist Helen Kevans said the numbers confirmed the upward trend since February's trough.
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