"It is good progress that 11,060 new sections and dwellings have been achieved in the first year - more than 20 per cent above target of 9000," Dr Smith said.
"We will need to maintain this momentum and growth to meet the momentum and growth targets of 13,000 in year two and 17,000 in year three," he said.
Mr Brown agreed with Dr Smith, and both men hoped the streamlined process under the accord would assist in easing Auckland's buoyant housing market.
"House price inflation in Auckland has slowed from 14.8 per cent to 7.9 per cent over the past year," Dr Smith said.
"Our goal is to rapidly increase supply and to contain ongoing house price increases across the city."
Mr Brown said achievement targets in Special Housing Areas - areas earmarked for development under the accord - were on track.
" The consenting and master-planning activity now taking place within the Special Housing Areas sets up a solid platform to meet the accord targets for the next two years," he said.
"Developments have already been approved for 478 sections or dwellings, and master-planning and consenting on track for over 19,500 sections and dwellings."
Labour party housing spokesman Phil Twyford said the targets achieved in the accord's first year fell far short of the number of new homes needed in Auckland.
"The report says consents for only 354 dwellings were approved in the special housing areas during the first year of the accord, showing it had little impact on Auckland consent rates," he said.
"The 7366 dwellings consented in the first year is nearly 5000 houses short of the nearly 13,000 dwellings a year Labour was consenting, especially with migration running at record levels."
