Mike Blackburn: construction sector advisor on new home consents dropping to lowest level since 2019 - Heather du Plessis-Allan Drive

New home consents have fallen to the lowest point in five years.

Stats NZ figures show fewer than 34,000 new homes were consented in the year to June - a 24 percent fall annually.

Consents for multi-unit homes, including townhouses, apartments, retirement village units and flats are down 28 percent.

Construction sector advisor Mike Blackburn says this downturn has impacted the whole country.

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