Covid-19 might have provided a rare chance to reduce the country’s housing shortage – but supply chain issues could mean some of the opportunity is lost. Covid-19 has provided a rare opportunity to make a meaningful dent in our housing shortage. We expect New Zealand’s border to remain closed – bar a limited number of quarantine free travel bubbles – well into 2022. “Based on our projections, New Zealand’s accumulated housing shortage will fall further this year and next. More importantly, we estimate that housing supply and demand could finally balance some time in 2024.

Source: Stuff April 19, 2021 04:07 UTC