There's 200,000 houses going to be built in New Zealand over the next six years.
According to Statistics New Zealand, in the year to 30 June 2017, 30,453 homes were consented across New Zealand. If this rate is maintained exactly over the next six years, 182,718 homes will be consented – 17,282 less than Mr English states. However, MBIE’s National Construction Pipeline Report for 2017 estimated that residential consents will steadily grow from 30,453 homes to a peak of 34,500 homes per year in 2019. If that is the case, then it is likely around 200,000 homes will be consented over the next six years, from 2017-2023. It is probable Mr English is anticipating the rate to increase in accordance with heightened demand for housing, as New Zealand’s population is expected to grow to 5.01 – 5.51 million in 2025. If New Zealand achieves its highest ever recorded rate of consents of 40,000 homes per year in early 1974, it will go far beyond this 200,000 houses goal. One important caveat: just because a house is consented, does not meant the house gets constructed. Experimental statistics published by Statistics NZ earlier this year concluded that 97 percent of house consented do eventually get built, within 10 months on average. However, over the past year Auckland Council has been developing a database of dwelling completions - the only local authority to do so. The latest monthly data puts the annual completion rate at 6,827 - despite an annual consent rate of about 10,000 houses.
Fact or Fiction: Do the leaders know?
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