Moves to tackle the housing supply problem won’t show results right away, but experts say the supply-demand equation will improve - eventually. Years of under-building, particularly following the global financial crisis in 2008, has meant housing supply has not kept pace with a rapidly growing population. Most people recognise that addressing the supply shortage is the best way to tackle the country’s housing woes, with recently released advice to the Housing Minister, Megan Woods, making that clear. READ MORE:* Covid-19 created 'rare opportunity' to tackle housing market* Are investors starting to step back from the housing market? More importantly, we estimate that housing supply and demand could finally balance some time in 2024.”ROSA WOODS/STUFF Years of under-building, particularly following the global financial crisis in 2008, has meant housing supply has not kept pace with a rapidly growing population.

Source: Stuff May 08, 2021 16:52 UTC