The number of new homes being completed in Auckland remains at record levels, in spite of the fact that the number of residential building consents being issued in the region has taken a dive. Auckland Council issued 1482 Code Compliance Certificates (CCCs) for new dwellings in March this year, which was the third highest number in any month since the Council began collating the figures in their current format in January 2013. CCCs are issued when a building is completed, so are the most accurate indicator of new housing supply, unlike building consents which are usually issued before construction commences. Although the number of new homes completed in Auckland in March has been exceeded twice before, in November 2020 and June 2021, the total number of new homes completed in Auckland in the 12 months to March (14,321) and the rolling 12 month average (1292 - see graph below) both matched the previous record high set in June 2021. In the meantime though, the supply of new homes in Auckland continues to roll out at pace.

Source: Stuff May 15, 2023 03:22 UTC