Home Consents Down 24 Percent In Year Ended June 2024

There were 33,627 new homes consented in the year ended June 2024, down 24 percent compared with the year ended June 2023, according to figures released by Stats NZ today.

"The number of homes consented in the year ended June 2024 has fallen to levels last seen five years ago," construction and property statistics manager Michael Heslop said.

Year ended JuneMulti-unit homesStand-alone houses
20191336621438
20201547322141
20211979924532
20222682323913
20232603118498
20241871114916

In the year ended June 2024, there were 14,916 stand-alone houses consented, down 19 percent compared with the year ended June 2023. There were 18,711 multi-unit homes consented, down 28 percent over the same period.

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

Of the multi-unit homes consented in the year ended June 2024, there were:

  • 15,170 townhouses, flats, and units (down 19 percent compared with the year ended June 2023)
  • 1,942 apartments (down 52 percent)
  • 1,599 retirement village units (down 51 percent).

"The number of both apartments and retirement village units consented in the year ended June 2024 is the lowest in the last nine years," Heslop said.

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2024-06-0114916

Monthly number of homes consented down 36 percent

There were 2,178 new homes consented in New Zealand in the month of June 2024, down 36 percent compared with June 2023.

There were 18 working days in June 2024 compared with 21 in June 2023, with Matariki falling in June in 2024. Fewer working days in a month means less time for building consent authorities to issue consents for new homes.

"The lower number of working days in June 2024 contributed to the decrease in the number of homes consented in the month," Heslop said.

In June 2024, there were 1,122 stand-alone houses consented, down 26 percent compared with June 2023. There were 1,056 multi-unit homes consented, down 44 percent over the same period.

In seasonally adjusted terms, the number of new homes consented in June 2024 fell 14 percent, compared with May 2024. This follows a seasonally adjusted fall of 1.9 percent in May 2024.

Seasonal adjustment removes the estimated effect of regular seasonal events from statistical series. This makes figures for adjacent periods more comparable.

Regional breakdown

In the year ended June 2024, all regions consented fewer new homes compared with the year ended June 2023.

The four regions with the highest number of new homes consented in the year ended June 2024 were:

  • Auckland with 13,855 (down 27 percent compared with the year ended June 2023)
  • Canterbury with 6,618 (down 16 percent)
  • Waikato with 3,033 (down 29 percent)
  • Wellington with 2,133 (down 36 percent).

"While all regions experienced a decrease in the number of homes consented, some of the territorial authorities within those regions had a larger decrease than others," Heslop said.

In the year ended June 2024, the number of homes consented in the main cities (territorial authorities) excluding Auckland was:

  • 4,023 in Christchurch city (down 12 percent from 4,581 in the year ended June 2023)
  • 1,049 in Hamilton city (down 29 percent from 1,471)
  • 593 in Tauranga city (down 36 percent from 929)
  • 423 in Dunedin city (down 9.4 percent from 467)
  • 353 in Wellington city (down 69 percent from 1,157).

"Wellington city has seen a significant drop in the number of new homes consented, largely driven by a decrease in apartments," Heslop said.

More data can be found in tables 3 and 4 (regional) and table 6 (territorial authorities/local boards) in the Excel table 'Building consents issued: June 2024' available under Download data.

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