New building figures released by Statistics New Zealand (SNZ) today show the construction boom warned of by Reserve Bank Governor Alan Bollard yesterday is not slackening.
Tuesday, September 9th 2003, 3:48AM
by The Landlord
The seasonally adjusted value of residential building work during the June quarter was 8.6% higher than the first quarter, according to SNZ figures released today...
SNZ said its trend series, which excludes seasonal and one-time factors, showed that the value of residential building work has been increasing since the first quarter of 2001.
On a trend basis, the value of second quarter residential building work was up 7.2% from the first quarter.
