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 A record 51,015 new homes were consented in the year ended May 2022, up 17 percent from the year ended May 2021, Stats NZ said today.

“Prior to 2021, the highest number of new homes consented was 40,025 in the year ended February 1974,” construction and property statistics manager Michael Heslop said.

The February 1974 record was first broken in the year ended March 2021.

“May 2022’s annual record is now nearly 10,000 higher than what was set in the year ended March 2021,” Mr Heslop said.

“Since March 2021, we have continued to see record-breaking levels of new homes being consented, driven by the growth in multi-unit homes.”

There were 26,479 multi-unit homes consented in the year ended May 2022, up 36 percent compared with the year ended May 2021. Over the same period 24,536 stand-alone houses were consented (up 2.1 percent).

“This is the third consecutive month that the annual number of new multi-unit homes consented exceeded new standalone houses,” Mr Heslop said.

Multi-unit homes include townhouses, apartments, retirement village units, and flats.