The latest Auckland dwelling completion figures suggest the slump in residential construction in the region may be bottoming out as new residential consents and completions approach an equilibrium.
The recent slump in residential construction in Auckland can clearly be seen in the first graph below, which shows the number of Code Compliance Certificates (CCCs) issued for new dwellings by Auckland Council.
CCCs are issued when a building is completed and so are the most reliable indicator of new housing supply.
The graph clearly shows that dwelling completions in Auckland hit a monthly high of 1949 in October 2023 and then began a steady decline to 1316 in May this year.
However there was very little movement in CCC numbers over the three months to May, suggesting numbers are starting to flatten out rather than continuing to decline, something that's also suggested in the red trend line in the graph.
The second graph below shows the trends for residential building consents and dwelling completions in Auckland, representing the relationship between what is planned in residential construction and what is actually being built.
This shows that in 2020 and 2021 there was a surge in new dwelling consents in Auckland, while the number of homes being completed struggled to keep up, suggesting serious capacity constraints in the region's building industry.
But in 2023 and 2024 the situation reversed as building consent numbers declined and completions ramped up as the industry caught up on the backlog of work.
In 2025, the number of building consents and CCCs being issued for newly completed dwelling have started to come together, suggesting a levelling out between what is being planned and what is being built.
The latest figures suggest new dwelling completions in Auckland could be stabilising at around 1300 new homes a month, or 15-16,000 a year, which on a rolling 12 month average basis, is roughly where it was in mid-2023.
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