Housing consents drop 24% to lowest level in five years

Stand-alone housing is down 18% year-on-year.

Wed, 31 Jul 2024

New reporting from Stats NZ shows that the number of new homes consented in New Zealand has dropped 24% compared with the year ended June 2023.“The number of homes consented in the year ended June 2024 has fallen to levels last seen five years ago,” construction and property statistics manager Michael Heslop said.As of June 2024, 33,627 homes were consented. This is a large decline compared to last year, where there were 44,529 consents.Multi-home unitsThe 18,711 new consents for multi-unit homes was down 28% from 26,031 consen...

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