7 Mar 2011

Building consents rose in January

1:01 pm on 7 March 2011

The number of building consents issued rebounded in January after suffering the biggest drop in more than two years in December.

Statistics New Zealand says consents for new dwellings rose a seasonally-adjusted 9.6% in January compared to a fall of 18.2% in December.

Consent numbers remain almost 19% lower than in January last year, however.

Excluding apartments, consents for new homes rose 7.7% in the month - the first increase in seven months.

The value of residential building consents fell 19% in January while the value of non-residential consents rose 2.3%.