WELLINGTON, July 30 (Xinhua) -- A total of 44,299 new homes were consented in the year ended June 2021, New Zealand's statistics department Stats NZ said on Friday.
"The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises," construction statistics manager Michael Heslop said in a statement.
"Much of the recent growth in the number of new homes consented has been multi-unit homes, such as townhouses, units and apartments, particularly in Auckland," Heslop said.
The number of new homes consented per 1,000 residents was 8.7 for the year ended June 2021, up from 7.5 in the June 2020 year.
A record 19,036 new homes were consented in Auckland, New Zealand's largest city, in the year ended June 2021, driven by a series high of 12,237 multi-unit homes, statistics show.
New Zealand's house prices hit new record highs in the last several months in a row despite the pandemic, while record low interest rates boosted demand for housing and credit.
As the housing demand kept high, the supply touched low. In some regions, inventory levels were at lowest point ever. The New Zealand government revealed its package housing plan on March to cool down the soaring property market. Enditem
