34,851 new homes consented in New Zealand in May 2024, a 23% drop from the previous year.

New Zealand's annual number of homes consented dropped 23% in the year ending May 2024, with 34,851 new homes consented, down from 45,164 the previous year. Stand-alone houses consented fell 18%, while multi-unit homes dropped 26% over the same period. The record for homes consented was 51,015 in May 2022, but the number has since fallen 32% from that peak.