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RAISING MONEY: Jo Spooner, left, and Rob Cameron hold a stained-glass window, one of the items from Seddons St Andrews Presbyterian Church auctioned off on Saturday.

A wooden toilet seat was among items up for grabs from a demolished Seddon church at the weekend.

An auction was held on Saturday in Seddon to sell items and memorabilia that belonged to St Andrew's Presbyterian Church.

The church first opened in 1965 and was demolished on July 27 after suffering earthquake damage last year.

More than 80 items were up for grabs, including furniture, an electric organ, light shades, the wooden toilet seat, rimu door frames, and other parts of the building.

About 25 people turned up to bid on the goods, with more than 50 items sold.

Awatere Christian Joint Venture management committee chairman Rob Cameron said the biggest surprise sale was the light shades, two of which went for $100.

The stained glass windows also fetched a good price, however the church had put some of the windows aside to include in a new church they are hoping to build.

The auction was another step forward for the church, Cameron said. "This earthquake demolition has been going on a fair while now," he said.

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Quake-hit Seddon church holds sale

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WASHINGTON Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.

Housing starts rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million homes, the Commerce Department said Friday. Almost all of the gains came from apartment construction a volatile category which increased 18.5 percent after plunging in August.

The sluggish recovery and meager wage growth has left more Americans renting instead of owning homes. Apartment construction has surged 30.3 percent over the past 12 months.

Starts for single-family houses rose just 1.1 percent in September, contributing to an 11 percent gain during the past 12 months.

Applications for building permits, a good sign of future activity, increased 1.5 percent to an annual rate of 1.018 million. That also reflected the strength in apartment building. Permits for multi-family buildings rose 7 percent in September, compared to a 0.5 percent drop in permits for single-family houses.

Other indicators reflect the continued to shift to rentals. The residential component of the American Institute of Architects billing index stood at 58.1 in August. That index is more heavily-weighted to multi-family housing and any reading above 50 signals growth.

Meanwhile, real estate sales have failed to get much traction in recent months. Price growth is slowing, yet the surge in home values through the middle of last year has made affordability a challenge for many would-be buyers. Homebuilders are also feeling slightly less optimistic.

The recent turmoil in the financial markets caused the average 30-year fixed mortgage rate to drop to a 52-week low of 3.97 percent. That should help spur some additional buying, but its unlikely to be enough to suddenly boost construction.

While the drop in mortgage rates likely will prompt stronger home sales by the turn of the year, we dont expect a significant upward trend in construction to re-emerge until next spring, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

Those increases are substantially larger than wage growth, which has barely exceeded inflation by increasing at roughly 2 percent a year. Without wages rising more strongly, it becomes difficult to save for a down payment and qualify for a mortgage.

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