Economists think building boom will last

Friday 9 January 2004

The building industry had a bumper month in November and economists are predicting it will continue in to 2004.

By The Landlord

Statistics New Zealand today confirmed the 3032 consents for new dwellings issued in November easily trumped the 2399 for October and 2342 for September.

Residential buildings accounted for 70 per cent of the $861 million worth of consents issued in November.

The number of consents issued in November was the greatest for that month since 1973, Statistics NZ said in a statement

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