11 Jan UPDATE 1-NZ building approvals rebound sharply in Nov, quell development worries
* NZ November dwelling consents rise 10.4 pct
* Reverses sharp drop in previous month
* Points to much needed pick-up in development – economists
* 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
Sorry, the comment form is closed at this time.