Record High Of New Homes Consented Continues – New Zealand Government
- In the year ended November 2021, 48,522 new homes were consented, up 26 per cent from the November 2020 year.
- In November 2021, 4,688 new dwellings were consented.
- Auckland’s new homes consented numbers rose 25 per cent in the last year.
Annual figures for the last nine months show more new homes have been consented than ever before, says Minister for Building and Construction Poto Williams.
“We’re building more houses than any Government since the 1970s and consent numbers have more than tripled in the last decade. Now, for the ninth month in a row, we have exceeded the previous record for the highest number of homes consented in a year,” said Poto Williams.
Estimates from Statistics New Zealand released today show the number of new homes consented in the year ended November 2021 is at a record high of 48,522. This is an increase of 26 per cent from the November 2020 year.
“The sector is outdoing itself to deliver on the homes New Zealanders need,” Poto Williams says.
Forecasts in the National Construction Pipeline Report 2021 estimate an increase in building and construction activity through to the end of the forecast period in 2026. The annual report provides a projection of national building and construction activity based on current settings. It includes national and regional breakdowns of actual and forecast residential building, non-residential building and infrastructure activity. The forecast is for 265,000 new dwellings to be consented through to 2026 at an average of over 44,000 dwellings a year.
“We expect high levels of residential construction in particular to continue for some time,” Poto Williams says.
“Despite challenges caused by the pandemic, the sector has remained resilient and is now in a good place to keep this momentum going.”
“We will continue to work with the sector to help minimise ongoing disruptions from COVID-19.
“We have recently instructed the Commerce Commission to undertake a study into competition in New Zealand’s residential building supplies markets. This study will focus on any factors that may be affecting competition for the supply or acquisition of key building supplies used to build the major components of residential buildings.”
“Ensuring access to fairly priced building materials is a key driving factor in Government’s decision to review this market, and I look forward to the Commerce Commission’s report in December 2022.”
Consent and homes actually built are two quite different things.
I note in the press release consent is the key word and vagueness about the number of actual homes being built. Just lots of hopeful crystal ball predictions!
And no mention of material supply problem solutions, just studies, leading to eventual reports one day. Nor skilled worker shortages.
I take this press release with a grain of salt.
Great comment.
Also for many mansions the 6 year old previous mansion is being demolished to add another consent but then actually does not provide a house in it’s place as it may take 3 – 5 years to build the mega mansions of NZ today tying up building resources like labour and materials and creating massive landfill from the previous demolition.
In another 10 years will be deemed out of date and same process will repeat.
they sell land to investors at a price homeless can’t afford.
the homeless should have to rent for ever
And investors can create more wealth as long as housing is unaffordable to homeless or first home buyers
And those homeless afford to pay and buy will also will just be quiet as it favours them.
Tell you a story,
companies like dp world in Dubai goes to various countries and build port to just stop respective country from creating a port themselves and to create debt for the country ,
This is done through various ways like by delaying the project , making it expensive, built in a way it won’t become successful , dredging or running the port without business.
So that the country or location near to international sea route will never become a potential threat to dpworld , ever in future.
And the officials who are behind such mass projects in the respective countries will keep quiet as they were the one who signed the contract, which became a liability to state
Investors in nz house is no different from that.
they sell land to investors at a price homeless can’t afford.
the homeless should have to rent for ever
And investors can create more wealth as long as housing is unaffordable to homeless or first home buyers
And those homeless afford to pay and buy will also will just be quiet as it favours them.
Tell you a story,
companies like dp world in Dubai goes to various countries and build port to just stop them creating a port and to create debt for the country , by various ways like dredging or running the port without business.
So that the country or location near to international sea route will never become a potential threat to do world ever in future.
And the officials who are behind the mass projects will keep quiet as they were the one who signed the contract which became a liability to state
Investors in nz house is no different from that.
they sell land to investors at a price homeless can’t afford.
the homeless should have to rent for ever
And investors can create more wealth as long as housing is unaffordable to homeless or first home buyers
And those homeless afford to pay and buy will also will just be quiet as it favours them.
Tell you a story,
companies like dp world in Dubai goes to various countries and build port to just stop them creating a port and to create debt for the country , by various ways like dredging or running the port without business.
So that the country or location near to international sea route will never become a potential threat to do world ever in future.
And the officials who are behind the mass projects will keep quiet as they were the one who signed the contract which became a liability to state
Investors in nz house is no different from that..
Record consents but for who and are the homes record prices also pricing many out of the market and putting many in huge debt.
Good comment. The build prices should be mentioned as well as demolition consents and of course the missing code of compliance rates.
Building consent numbers are meaningless.
When can we have the numbers of houses and dwellings that have actually been built. When can we know who’s actually building them. What’s the price to the ordinary Joe Blow buyer or renter?
Smoke and mirrors.
All these builders are selling it to the investors it seems
No development is going on in many sold plots
Use google map to look for falcon landing.
100s of sections are titled but neither on market to sell nor there is any development.
Investors seems to be buying it or builders or developing the control of release.
Need to check with every buyer who bought land and is not doing development in such sites when there is a crisis