News
NZ building approvals climb 11% in April, suggesting life seeping back into market
Friday 29th of May 2009
Permits rose after a revised 1.7% decline in March, according to seasonally adjusted figures from Statistics New Zealand. Consents rose 4.5%, excluding apartments. Approvals in April dropped 58% from the same month of 2008.
The approvals data comes after Real Estate Institute figures for April showed a pick-up in the median house price and a reduction in the average time to sell a...
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