New homes and sections created under the Auckland Housing Accord have dropped below target as the building industry struggles to find extra labour, materials and equipment. He noted that only 1010 dwellings had actually been built so far in the 154 Special Housing Areas (SHAs), where consenting was fast-tracked under the housing accord. That's 78 per cent of the target of 39,000 new homes and sections due by the end of the three-year accord on September 30. Housing Minister Nick Smith agreed that it would be challenging to achieve the full three-year target. The latest quarterly report shows that 30,389 new homes have been consented or sections created since the accord between Auckland Council and the Government took effect in October 2013.

Source: New Zealand Herald June 21, 2016 07:57 UTC