This chart has had a bit of coverage in the last few days. It was produced by Statistics New Zealand, and was included in a useful release last week bringing together dwelling consent and population data over the last 50 years or so.
As SNZ noted, there is a bit in the chart for everyone.
The number of new homes consented per capita has doubled over the past five years, but is only half the level seen at the peak of the 1970s building boom, Statistics New Zealand said today.
One sees these sorts of per capita charts from time to time, but I’ve never been sure they were very enlightening. After all, the existing population typically doesn’t need many new houses built – it is already housed, and the modest associated flow of new building permits will result mostly from changes in tastes, changes in occupancy patterns (eg more marriage breakups…
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