Saturday, April 13, 2024

Record high for new homes

For the sixth consecutive month, the annual number of residential building consents have reached record level, new figures released by Stats NZ today have revealed.

Estimates from Statistics New Zealand show the number of new homes consented in the year ended June 2021 is at a record high of 46,453 – an increase of 24% from the August 2020 year.

“Government support for the building sector continues to shine through in the latest consent numbers, showing more homes are being built than ever before,” said Minister for Building and Construction, Poto Williams.

“This government’s investment in the construction sector is creating more jobs, helping us to retain and grow construction skills, and building more warm, dry, secure housing at a critical time. More people have moved into construction than any other sector since the start of the COVID-19 pandemic.

“This is fantastic for our communities, our economy, and our housing delivery programme. A strong sector means we can build back better,” she said.

A report released yesterday by the Ministry of Businesses, Innovation and Employment identified ways in which the construction sector has changed in the past year through tracking the sector’s key trends and economic performance.

The report shows a steady increase in demand for multi-unit homes. The total number of multi-unit homes consented in August 2021 was 21,164, an increase of 35% from the year prior.

“It is encouraging to see a shift in the type of homes we are building; apartments and town-houses will help us deliver affordable, healthy and energy-efficient homes,” Minister Williams said.

“There is no doubt that New Zealanders needs are changing and the building landscape is evolving.

“This past year we’ve seen the introduction of innovative building designs, technologies and materials.

“These innovations present further opportunities to introduce efficiencies, increase worker health, safety, and well-being, improve the building quality and help New Zealand reach our climate change goals.

“We will continue to work closely with the industry to ensure we are building back better for all New Zealanders,” the Minister said.

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