Author:Shane Martin, David Norman
Source:Auckland Council Chief Economist
Consents for new dwellings are the highest they’ve been for 14 years and are approaching the highest ever, which is welcome news against a backdrop of a housing shortage of 46,000 dwellings.
The mix of dwelling type has changed significantly, and the average dwelling size has plummeted, mostly due to budget constraints encouraging a switch from stand-alone houses to townhouses and apartments, but also due to changing patterns in apartment and townhouse size.
Multi-unit dwelling construction requires a skill-set that differs somewhat to that required for stand-alone homes, and is more akin to non-residential building. With the recent surge in non-residential building activity, this suggests we will see non-residential and more complex multi-unit developments competing for workers.
Insights. Topical commentary on the Auckland economy