According to Stats NZ, 50,858 new homes were consented in the year ended March 2022 setting a new annual record.

In the year to March, the annual number of multi-unit home consents (25,475) exceeded stand-alone houses (25,383) for the first time. Compared with the previous 12 months, consents for multi-unit homes increased 40% compared to stand-alone houses which rose 12%.

Four regions reached record annual consent numbers (compared to the year ended March 2021). These were: 

• Auckland – 21,477 (up 23%)
• Wellington – 3,836 (up 26%)
• Canterbury – 8,557 up ( 41%)
• Otago – 2,506 (up 34 percent).

Looking at commercial work, the value of non-residential building consents totalled $8.5 billion, led by continued strong demand for education, factories, and storage buildings.

For a full summary of March's building consents please read the release from Stats NZ.

*Multi-unit homes include townhouses, flats, and units; apartments; and retirement village units.

Image: Stats NZ

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