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Old 22nd August 2022, 12:13     #1256
fixed_truth
 
Housing is finally starting to make some progress

'Market well and truly flipped': Supply jumps, house prices fall

43,100 more homes built in the past year (net of demolitions) - all time record. Enough to house about 110,000 people (av household is 2.55). Population up only 12,700 New Zealand's housing deficit shrinking fast. Down to 22,000. Could be gone in early 2023.

The Government Housing Programme completed a record 817 homes in June, (200 a week!), bringing total number of homes built to 13,767. 5,300 currently under construction. There are now 10,000 more state and community housing homes than five years ago. Record build rate.
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