Building and Housing Minister Dr Nick Smith and Mayor Len Brown also released the latest Housing Accord monitoring report, which shows the number of building consents in Auckland at a 10-year high.
"This report shows the house build rate in Auckland, at 8300 per year, is the fastest in a decade. The rate has grown at over 20 per cent per year since 2012 - the longest and strongest period of growth ever," Dr Smith says.
The Auckland Housing Accord, agreed on 1 October 2013, set a target of 39,000 new sections created and dwelling consented over three years - with 9000 in Year One, 13,000 in Year Two and 17,000 in Year Three.
"We are running just ahead of target one year and nine months in, with 19,921 new sections created and dwellings consented, as compared to the 18,750 expected at this point. We will require ongoing increases in pace, in both section and dwelling consents, to meet future targets," Dr Smith says.
"We are also currently assessing a number of plan variations (with combined QD housing developments) in a variety of locations which will add substantially to the development programme commencing across the region this summer. It is exciting to see development proceeding quickly so that real inroads can be made into Auckland's housing shortage," Mr Brown says.
