News

Record high of new homes consented continues

 

Minister for Building and Construction Poto Williams says annual figures for the last nine months show more new homes have been consented than ever before.

Estimates from Statistics New Zealand show the number of new homes consented in the year ended November 2021 is at a record high of 48,522. This is an increase of 26 percent from the November 2020 year.

Forecasts in the National Construction Pipeline Report 2021 estimate an increase in building and construction activity through to the end of the forecast period in 2026. The annual report provides a projection of national building and construction activity based on current settings.

It includes national and regional breakdowns of actual and forecast residential building, non-residential building and infrastructure activity.

The forecast is for 265,000 new dwellings to be consented through to 2026 at an average of over 44,000 dwellings a year.