New home building consents down 23% year on year

The May 2022 year was a peak year for new home consents.

Tue, 02 Jul 2024

The number of consented homes for the year ended May 2024 is down 23% from the same period last year, according to StatsNZ.There were 34,851 homes consented in the 12 months to May 31 this year, representing a 32% fall from the record of 51,015 for the May 2022 year.There were 15,309 consents for stand-alone houses, down 18% from the previous 12-month period. Consents for multi-unit homes were down 26% over the same period.Of the 19,542 multi-unit consents, 15,825 were townhouses, flats or units, 2,013 were apartments, and 1,704 were...

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