HOUSE BUILDING IN N.Z.
Mr Fox’s Reasons For Increase
(New Zeaiana Press Association) WELLINGTON, June 21. Commenting on the record number of houses and fiats completed last year, the Minister of Housing (Mr Fox) said today the total of 21,600 was the greatest number built in any single year and exceeded the previous record established a year earlier by 2000. He said the main reasons for the increase were the availability of 3 per cent. State Advances loans, the family benefit home ownership scheme which provided the deposit for families otherwise unable to save the sum required to finance a home, and an expansion of State rental house construction.
“One very gratifying aspect is the fact that the total was only 200 below the target established by the National Housing Council in 1953, which, up till recently, seemed well beyond reach,” he said.
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Press, Volume XCIX, Issue 29237, 22 June 1960, Page 9
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143HOUSE BUILDING IN N.Z. Press, Volume XCIX, Issue 29237, 22 June 1960, Page 9
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