Latest report from Stats NZ shows 5.3% increase
A total of 32,378 new homes have been consented across the country in the year ended November 2018, according to Stats NZ.
Stats NZ reported that the 5.3% year-on-year increase is mainly driven by the surge in consent for homes in Auckland, followed by Wellington.
“Stand-alone houses accounted for nearly two-thirds of new homes consented in the year ended November,” construction statistics manager Melissa McKenzie said. “We saw a sustained increase in apartments, as well as townhouses, flats, and units, particularly in Auckland.”
Meanwhile, the Auckland region saw 12,800 new homes consented in the year ended November 2018, down slightly from 13,078 from the previous reporting year.
Conclusion: Do you think this is good news? Do you think the rate could be sustained? Leave a comment below with your thoughts.
