New Zealand residential building permits rose in January as a pick-up in consents for new apartments and townhouses made up for a decline in applications to build houses.

Seasonally adjusted dwelling consents rose 0.8 per cent to 2234 in January, snapping two months of declines, Statistics New Zealand said. Permits for new houses fell 5 per cent to 1603, its fourth decline in five months. A jump in new permits for apartments and townhouses drove the increase, although…