The Construction Minister believes a picture is clearly being painted of a recovery in the sector. 

Stats NZ figures show new home approvals rose 19% annually to June – topping 40 thousand for the first time since 2023.  

More than 18 thousand consents were issued for standalone houses and 22 thousand for townhouses, representing increases of 17% and 21% respectively. 

Chris Penk told Mike Hosking consents are just the start of a building process, and although people can't live in them, you wouldn't apply for one without the intention to build. 

LISTEN ABOVE 

The Construction Minister believes a picture is clearly being painted of a recovery in the sector.&nbsp;
Stats NZ figures show new home approvals rose 19% annually to June – topping 40 thousand for the first time since 2023. &nbsp;
More than 18 thousand consents were issued for standalone houses and 22 thousand for townhouses, representing increases of 17% and 21% respectively.&nbsp;
Chris Penk told Mike Hosking consents are just the start of a building process, and although people can't live in them, you wouldn't apply for one without the intention to build.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Chris Penk: Building and Construction Minister on the 19% annual increase in new home approvals

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/84e11fb4-c904-4f43-add7-b49b01556170/transcript