The number of new homes being consented continues to decline, with 33,595 new dwellings consented in the 12 months to February this year, down by 2681 (-7.4%) compared to the previous 12 months, according to Statistics NZ.
The number of homes consented has now declined for three years in a row, from 49,883 in the 12 months to February 2022, to 33,595 in the 12 months to February this year, a decline of 16,288 (-32.7%) compared to three years ago.