New Home Consents Surge Past 40,000, Boosting Jobs and Construction Growth

More than 40,000 new home consents were granted in the year to June, marking a 19% increase and signaling a positive turnaround for the building sector after recent declines. The government is implementing reforms such as reducing red tape, allowing trusted overseas building products, and introducing mandatory inspection targets to boost construction activity and job growth. Significant legislative changes include replacing joint liability with proportionate liability, enhancing homeowner protections, consolidating Building Consent Authorities, and fast-tracking consents for sustainable homes.