Home consents rise to highest level in more than two years

New Zealand’s residential construction sector showed renewed strength in September, with the number of new homes consented reaching its highest monthly total since June 2023. According to Stats NZ, 3,339 new homes were approved in September 2025, up 18.2% compared to the same month last year and 7.2% higher than in August.

The composition of new approvals reflects the country’s ongoing shift towards higher-density living. Of the homes consented in September, 43% were standalone houses while 57% were multi-unit homes, such as townhouses, apartments and flats. This continues the trend of recent years, where multi-unit developments have accounted for the majority of new housing supply.

What rising consent numbers mean for the market

Stronger consent figures can be a positive indicator for the broader housing market. More approvals today should translate to greater supply over the next 12-24 months, which can help ease price pressure in areas where demand is high. The lift in consents also suggests confidence is returning to the construction sector, after a period of softer activity and economic uncertainty.

For buyers, the gradual increase in new builds may create more choice, particularly in urban areas where multi-unit developments are becoming more common. For sellers, improving construction activity can support local infrastructure, neighbourhood growth and long-term property values.

Educational: Should you consider buying a new build?

With more multi-unit homes entering the pipeline, many buyers are weighing the advantages of purchasing a new build. Here are a few key points to consider:

• Lower maintenance costs. New homes typically require less immediate upkeep, which can help with budgeting.
• Modern building standards. New builds must meet current insulation, ventilation and efficiency requirements.
• Potential financial incentives. Some new builds may be exempt from certain loan-to-value ratio or debt-to-income restrictions, giving buyers more flexibility.
• Fixed-price contracts. Off-the-plan purchases can offer cost certainty, although buyers should review contracts carefully.
• Longer timelines. Construction delays are possible, so buyers need to consider the impact on move-in dates and finance arrangements.
  
  

If you’re thinking about buying a new build or want help understanding how rising consent numbers might affect your options, I can guide you through the lending process and compare the best home loan solutions for your plans.