Residential building activity in New Zealand surged a seasonally adjusted 12.0 percent in the first quarter of 2013 compared to the previous three months, Statistics New Zealand said on Wednesday.
That followed the 1.8 percent increase in the fourth quarter of 2012.
The volume of overall building activity increased a seasonally adjusted 5.8 percent in Q1, following a 2.0 percent increase in the three months prior.
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