Building permits in New Zealand rose 8.8 percent month-over-month in October following a 12 percent drop in September, according to a report published by Statistics New Zealand. The pace of increase was the fastest since November 2013. Building consents stood at a seasonally adjusted 2,152 new homes in October, valued at over NZ$1.2 billion.
Of the 2152 approved for construction, 179 were for apartments, including 39 retirement village units and 1,973 were for non-apartment dwellings. The regions that consented the most consented new dwellings included Canterbury, Auckland and Waikato.
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