|Housing Supply Up in New Zealand
Housing supply is on the rise across New Zealand, as
increased stock and slowing conditions in Auckland send ripples across the country.
Auckland, Wellington, Waikato, and the Bay of Plenty all recorded an increase
in housing stock in May, with a corresponding fall in demand leading to cooler
market conditions. Despite new and much-needed housing stock hitting the
market, however, long-term attempts to boost housing supply did suffer a
setback as building consents declined over April.