The number of new homes completed in Auckland during February fell heavily, both month-on-month and year-on-year.
The latest Auckland Council figures show the Council issued 899 Code Compliance Certificates (CCCs) for new dwellings in February. That's down from 1291 in January (-30.4%), and down even further from 1583 (-43.2%) in February last year.
CCCs are issued when a building is completed and so are the best indicator of actual new housing supply, unlike building consents which are issued before construction starts and are an indicator of potential future supply.
February's numbers show new home completions in Auckland remain on a steady downward track.
The 899 CCCs issued in February this year was the lowest number for the month of February since 2020.
The trend can clearly be seen in the graph below, which shows a steady downward trend since numbers peaked at 1949 in October 2023.
On an annual basis, the number of new homes completed in Auckland has declined from a peak of 19,560 in the 12 months to May last year, to 16,811 in the 12 months to February this year. That's a drop of 14.1%.
The annual number of completions is likely to continue falling in line with the decline in CCCs issued each month.
The comment stream on this story is now closed.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.