New Zealand home building consents rose last month, with the biggest increase in Canterbury, reflecting rebuilding efforts in Christchurch after the devastating earthquakes.
Building consents rose 8.3 per cent to 1,326, seasonally adjusted and including apartments, according to Statistics New Zealand. Excluding apartments, consents rose 3.7 per cent in January, the first gain in three months.
Canterbury's gains were driven primarily by permits for retirement units, suggesting a build up of demand because of the ongoing aftershocks in the region that have delayed the reconstruction efforts.
Consents in Canterbury jumped to 379 last month, the highest of any region, from 199 in December. In the city of Christchurch alone, there were 209 consents issued, up from 61 in the previous month.
By contrast, new dwellings authorized in the North Island fell 0.8 per cent to 595, with those issued in Auckland falling 10 per cent to 232.
