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NZ: House building figures hit new low

Posted on 01 November 2011

House building in New Zealand has slumped to a new record low. Statistics NZ said consents for just 13,533 new houses were issued in the year to September 2011, down from 16,292 consents issued in the year to September 2010.
Louise Holmes-Oliver of Statistics NZ said yesterday the big drop in seasonally adjusted figures for new home approvals in September partly reflected the strength of the increases in the previous two months…………………………………………Full Article: Source


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