New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed.

Seasonally adjusted dwelling consents, including apartments and retirement units, dropped 6.3 per cent to 1,953 in February from a month earlier, accelerating from the 5.6 decline in January, according to Statistics New Zealand. Stripping out apartments, housing consents declined for the second consecutive month, down 1.4 per cent to 1,685….