WELLINGTON, July 31 (Xinhua) -- New Zealand's number of homes consented in the year ended June 2024 has fallen to levels last seen five years ago, the statistics department Stats NZ said on Wednesday.
There were 33,627 new homes consented in the year ended June 2024, down 24 percent compared with the year ended June 2023, Stats NZ construction and property statistics manager Michael Heslop said.
In the year ended June 2024, there were 14,916 stand-alone houses consented, down 19 percent compared with the year ended June 2023, Heslop said, adding 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.
The number of both apartments and retirement village units consented in the year ended June 2024 is the lowest in the last nine years, down more than 50 percent year on year, Heslop said.
Monthly, the number of new homes consented in June 2024 fell 14 percent compared with May 2024. ■