Shortages in wake of boom
Palmerston North has recorded the biggest jump in new building consents in 15 years.
Wednesday, August 18th 2004, 5:07AM
by The Landlord
City Future infrastructure planner Caroline Hutchinson said 213 building consents have been issued in the first six months of the year, which means 87 more houses - a 69 percent jump on the same period last year."Greenfield growth in Aokautere and Kelvin Grove has been strong, representing a 32 and 27 percent increase in the number of residential dwellings granted in the city," she said.
"An impressive figure is the value of the dwelling construction. More than $49 million in construction is reported for the first six months of 2004, compared to $26 million for the same period in 2003. This represents an 88 percent increase."
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