Monday’s Chorus: Not building nearly enough

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Monday’s Chorus: Not building nearly enough

Labour to build 6,000 more state homes by 2027, while population set to grow 400,000; National to stop new state home building next year; Labour, ACT, National agree on pro-migration policies

Bernard Hickey

Sep 24, 2023

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We are heading into another period of fast population growth without matching increased home building or infrastructure investment.Photo: Lynn Grieveson / The Kākā

TL;DR: Labour and National detailed their house building and migration approaches over the weekend, with both pledging fast population growth policies without enough house building or infrastructure investment to achieve any improvement in housing affordability and emissions reduction.

Labour pledged to build an extra 6,000 state houses by 2027, on top of the 3,000 it pledged for 2024/25 in the Budget in May. National said it would stop Kainga Ora’s house build with the 3,000.

Both have outlayed pro-migration policies that Treasury have forecast will see 100,000 net migrants this year, with no suggestion of a tightening any time soon to match inadequate infrastructure, housing and climate investment.

Paying subscribers can see more detail below the paywall fold and more of my analysis in the podcast above.

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