Construction Rises

Home building returns to pre-slump levels

Home building jumped 12 per cent in the March quarter, the biggest rise in a decade, returning to levels last seen in 2008 after the slump sparked by the global financial crisis. Statistics NZ said activity in residential building had been rising steadily and the March quarter marked the fourth quarter of growth in a row.
Residential building had been trending up since September 2011 and was now back to levels seen in late 2008.

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Home building returns to pre-slump levels Last updated 11:15 05/06/2013

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