In December 2025, New Zealand experienced a 4.6% decline in building consents for new dwellings on a monthly basis, following a revised increase of 2.7% in November. A total of 3,128 new dwellings received consent, comprising 1,299 stand-alone houses, 1,494 townhouses, flats, and units, 72 apartments, and 263 retirement village units. For the year ending December 2025, the country recorded 6.9 new dwellings consented per 1,000 residents, an increase from the 6.4 per 1,000 observed in the year ending December 2024.