There was a strong recovery in the number of new homes completed in Auckland in June.
Auckland Council issued 1371 Code Compliance Certificates (CCCs) for new dwellings in June, up 22% on the 1125 issued in June last year.
Council records show that 1344 CCCs were issued in March but numbers then fell away sharply, to 910 in April and 691 in May, suggesting the decline in CCCs being issued lagged the COVID-19 Level 4 lockdown by a month.
In the 12 months to the end of June, 14,353 new CCCs were issued in Auckland, up 42% on the 10,080 issued in the 12 months to June last year.
CCCs are issued when a building is completed and provide the best measure of new housing supply, while building consents are issued before construction commences, so are mainly a measure of building intentions.
Although the number of residential dwelling consents issued in Auckland also took a dip during lockdown, dropping from 1187 in March to 894 in April, they recovered quickly, rising to 1367 in May and 1439 in June.
The strong rebound in both CCCs and consents issued since the Level 4 lockdown and the current strength of Auckland's residential property market, suggests residential construction activity in the region is likely to remain buoyant well into next year.
The comment stream on this story is now closed.
You can receive all of our property articles automatically by subscribing to our free email Property Newsletter. This will deliver all of our property-related articles, including auction results and interest rate updates, directly to your in-box 3-5 times a week. We don't share your details with third parties and you can unsubscribe at any time. To subscribe just click on this link, scroll down to "Property email newsletter" and enter your email address.