Housing consents break 47-year record

Thu, 06 May 2021

An 18% spike in building consents to 4,218 new dwellings in March helped drive overall residential consents to an all-time high of 41,028 for the year to March, busting through a 47-year record by more than 1,000 builds.New Zealand’s prior building peak, 40,025 for the year to February 1974, reflected a build rate of 13.4 homes per 1,000 people. Stats NZ construction statistics manager Michael Heslop said while the current build rate is lower - closer to 8 residences per 1,000 people - it is still well ahead of the flatlined numbers...

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