Property

Housing consents rocket to another record – will build times blow out?

Brent Melville
Thu, 13 Jan 2022

Housing consents rocket to another record – will build times blow out?

Residential consents at $2.1 billion in November, led by terrace housing. (Image: BusinessDesk)

Brent Melville
Thu, 13 Jan 2022

The rush of housing consents continued unabated through November, with 4,688 new approvals for the month – up more than a fifth on November 2020.Stats NZ said the number of new home consents for the past 12 months skyrocketed to 48,522 nationally, a year-on-year increase of 26% and the highest level since statistics began being recorded pre-World War II. November’s consents were valued at $2.1 billion, also eclipsing the highest monthly build level ever, being 4,490 recorded last August, valued at $1.88b.Construction statistics...

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Housing consents rocket to another record – will build times blow out?

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