New home consents down

A total of 37,239 new homes were consented in New Zealand last year, down 25 per cent on the previous year.

Stats NZ figures show that in Auckland, new dwellings consented in 2023 were down 27 per cent –15,488 compared to 21,301 in 2022.

In Northland, the drop was even bigger, 33 per cent – 1036 consents compared to 1548 in 2022.

“The number of homes consented [nationally] last year was down from 49,538 in 2022, which was the highest number in a calendar year since records began,” construction and property statistics manager Michael Heslop said.

Auckland recorded 8.9 new consents for every 1000 residents, down from 12.6 the previous year.