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King Country Chronicle, Volume XXVI, Issue 3439, 5 March 1932, Page 3

The building trade remains disappointing, and the calls upon the State Advances Department in consequence show a heavy decline, states the Monthly Abstract of Statistics. Wellington continues to be the centre of the slump, although the other main cities also reveal little demand for new construction work, especially as regards dwellings. . . . The opening of the new year shows no improvement in the outlook for the building industry. Statistics of building permits issued during January reveal that the demand for all types of new construction work is 20.3 per cent, below that in evidence during January, 1931, while the number of new dwellings required is as much as 27.5 per cent, below the January, 1931, figure. The building slump appears to be centred in Wellington, judging from the monthly figures, as a reduction in the total number of permits of 46.9 per cent, was recorded for-:-Welling? ton urban area, *as against 25.5 per cent, for Dunedin, 21.9. per cent, for Chris tchurch, and 17.9 .per cent, for Auckland. •■