New Zealand Home Building Permits Jump to Highest Since May 2008
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New Zealand building approvals surged to a 4 1/2 year high in December led by apartments and retirement village units as well as more consents in the earthquake-devastated Canterbury region.
Permits for dwellings rose 9.4 percent from November to 1,566, the most since May 2008, Statistics New Zealand said in Wellington. Excluding apartments and units, they fell 1 percent.