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Residential building sector surging
A record quarterly high in the number of new homes consented shows the residential building sector is responding to Government support to get new houses built, says Building and Construction Minister Poto Williams.
Figures from Statistics New Zealand released today show 11,291 new homes were consented in the December 2020 quarter – the highest quarterly number ever – beating the previous record from the December 1973 quarter when 10,713 new homes were consented.
“For the year ended December 2020, the number of new homes consented was 39,420. The figures show that despite uncertainty caused by COVID-19 there is a lot of residential activity in the pipeline especially for townhouses, flats and units,” says Poto Williams.
Source: New Zealand Government
A record quarterly high in the number of new homes consented shows the residential building sector is responding to Government support to get new houses built, says Building and Construction Minister Poto Williams.
Figures from Statistics New Zealand released today show 11,291 new homes were consented in the December 2020 quarter – the highest quarterly number ever – beating the previous record from the December 1973 quarter when 10,713 new homes were consented.
“For the year ended December 2020, the number of new homes consented was 39,420. The figures show that despite uncertainty caused by COVID-19 there is a lot of residential activity in the pipeline especially for townhouses, flats and units,” says Poto Williams.