High-density housing on the rise
The number of new high-density homes consented grew 22 percent in the September 2019 year, reaching 14,492 consented, Stats NZ said today.
High-density or multi-unit homes include apartments, townhouses, flats and units, and retirement village units. Growth of these outpaced that of stand-alone houses, which grew 6.1 percent between the last two September years.
Growth in the number of multi-unit homes helped push the total number of new homes consented to 36,446, up 12.0 percent from the September 2018 year. This is the highest since the October 1974 year, but is still below the record 40,025 new homes consented in the February 1974 year.