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Housing consents ‘close to recent historically low levels'

Wednesday 11th of January 2012

November saw consents issued for 1,384 new homes, including apartments, down 5.9% on November 2010.

"Although housing trend numbers continue to rise, seasonally adjusted figures are still volatile," said industry and labour statistics manager Louise Holmes-Oliver.

"Figures dipped in November, the third change in direction in as many months."

Statistics NZ cited the spike in apartment numbers in 2010 - and subsequent fall back - for the reduced number of consents.

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