Shortages in wake of boom
Wednesday 18 August 2004
Palmerston North has recorded the biggest jump in new building consents in 15 years.
By The LandlordCity Future infrastructure planner Caroline Hutchinson said 213 building consents have been issued in the first six months of the year, which means 87 more houses - a 69 percent jump on the same period last year.
"Greenfield growth in Aokautere and Kelvin Grove has been strong, representing a 32 and 27 percent increase in the number of residential dwellings granted in the city," she said.
"An impressive figure is the value of the dwelling construction. More than $49 million in construction is reported for the first six months of 2004, compared to $26 million for the same period in 2003. This represents an 88 percent increase."
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