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KM Financial Solutions | UPDATE 1-NZ building approvals rebound sharply in Nov, quell development worries
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UPDATE 1-NZ building approvals rebound sharply in Nov, quell development worries

11 Jan UPDATE 1-NZ building approvals rebound sharply in Nov, quell development worries

Posted at 00:33h in News by
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* NZ November dwelling consents rise 10.4 pct
* Reverses sharp drop in previous month
* Points to much needed pick-up in development – economists

(Recasts, adds economist comment, market reaction)
WELLINGTON, Jan 12 (Reuters) – New Zealand residential
building approvals bounced in November after a sharp drop the
previous month, quelling concerns housing development had run
out of steam as the government tries to address a nationwide
shortage.
The number of dwellings approv

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