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New Zealand is currently facing an unprecedented housing scarcity, particularly in its largest metropolitan area, Auckland, which requires around 30,000 additional homes to accommodate its expanding population. According to New Zealand Trade and Enterprise, the nationwide housing deficit exceeds 100,000 homes, with Auckland contributing to 54,000 of this shortfall. This housing challenge is expected to endure due to the increase in home-loan interest rates and a slowing economy, leading prospective buyers to step back, resulting in a significant decline in property prices over the past year and a half.

Auckland is today one of the world’s least affordable housing markets, and this has worsened substantially over time. The New Zealand Government announced The Auckland Plan in the year 2012. The Auckland plan 2050 is their long-term spatial plan to ensure Auckland grows in a way that will meet the opportunities and challenges of the future. In the same year, when the Auckland Plan was adopted, the ratio for Auckland was 6.7. The result is that a growing number of Aucklanders cannot afford to buy a home and will therefore not benefit from the financial security that home ownership traditionally provides. EasyBuild’s modular homes, a prefab home builder based in New Zealand, is able use unique construction modular method to reduce the total build waste by two thirds compared to conventional builds and also build standalone, multi-unit homes modular that can be constructed in half the time of a traditional build and at a lower cost, making it easier than ever for people to get into a quality, brand new home, or complete housing development and investment projects faster. This has significantly shown that the modular method of building houses has helped in bringing more affordable housing to the New Zealand people 

The New Zealand Government's housing department, Kāinga Ora Homes and Communities, is likely to boost sustained interest in modular construction through its affordable housing and public housing initiatives. Kāinga Ora aims to add 8,000 state-owned homes to its portfolio, managing over 60,000 properties in total under the state housing program. Now, only 10% of newly constructed homes in New Zealand are manufactured off-site, while the majority, around 90%, is built using traditional methods involving pre-made frames and trusses. Currently modular house prices have fallen 17.95% from the peak of the market in Nov 2021 through to Nov 2023, which has been the major reason for the Housing department to build more modular affordable housing so the people can afford to own houses. 

With the urgency of building affordable housing, Modular for Affordable Housing by Trueventus is aimed to create a premier destination for construction industry professionals to gain insights and experience first-hand on the latest innovations and opportunities in modern methods of construction to streamline workflows, improve productivity, expand the scope of projects, expand access to data, enhance collaboration and generate stronger profit margins. Also, understand emerging construction technologies that are becoming increasingly leveraged to aid the design and development of modular construction. 

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