More Auckland houses being consented

The quarterly report for Year 2 of the Auckland Housing Accord seems to show that it is working in terms of increasing supply. Key points:

• With adjustments for ‘double counting’ the net number of new sections created and dwellings consented was 3,291, just over 25% of the Year 2 target of 13,000
• 2,188 new dwellings consented, up by over 220 from 1,959 in the same quarter of the previous year.
• 768 new apartments consented in the quarter up from 704 in the same quarter of the previous year

In Year 1 there were 11,060 new dwellings consented, above the target of 9,000. This was the highest level since 2006.

So good to see progress being made on the supply side. It is easier to change supply than it is to change demand.