News

Housing consents weakness intensifies

Friday 29th of October 2010

The seasonally adjusted number of new residential buildings authorised, excluding apartments, fell 2.6% to 1,104 in September compared to the previous month, the lowest level since July 2009, according to data release by Statistics New Zealand today.

The housing market remains "in the doldrums," Goldman Sachs economist Philip Borkin says. Issuance and construction "looks set to rema...

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