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It seems confidence is returning to the construction sector & hopefully this trend will continue & help to alleviate the shortage of homes in Auckland & Christchurch

New Zealand residential building consents rose to their highest monthly level in two years in March amid growing demand for new housing in Auckland and Christchurch.

Building consents rose by a third to 1,394 worth $415 million in March, excluding volatile apartment figures, Statistics New Zealand said.

That's the highest monthly number of new consents issued since March 2010. Including apartments, the number of issuance rose 43 percent to 1,559 worth $430 million, the highest total since September 2008.

Auckland had the biggest increase in new dwellings at 511 in March, compared to 298 a year earlier, while Canterbury issuance rose to 281 from 166 in 2011. /QUOTE]

To read more of this article see here

Building consents jump to two year high - Property - NZ Herald News
 
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