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FILE - Builders work on a construction site in Christchurch, New Zealand, April 28, 2020. New Zealand's government introduced sweeping measures to free up land for new homes on Thursday, July 4, 2024, pledging to "flood the market" with opportunities to build houses, and scrap rules for minimum floor areas and balconies in apartments. (AP Photo/Mark Baker, File)

FILE - Builders work on a construction site in Christchurch, New Zealand, April 28, 2020. New Zealand's government introduced sweeping measures to free up land for new homes on Thursday, July 4, 2024, pledging to "flood the market" with opportunities to build houses, and scrap rules for minimum floor areas and balconies in apartments. (AP Photo/Mark Baker, File)

FILE - A house is for sale in Christchurch, New Zealand, Aug. 13, 2018. New Zealand's government introduced sweeping measures to free up land for new homes on Thursday, July 4, 2024, pledging to "flood the market" with opportunities to build houses, and scrap rules for minimum floor areas and balconies in apartments. (AP Photo/Mark Baker, File)

FILE - A house is for sale in Christchurch, New Zealand, Aug. 13, 2018. New Zealand's government introduced sweeping measures to free up land for new homes on Thursday, July 4, 2024, pledging to "flood the market" with opportunities to build houses, and scrap rules for minimum floor areas and balconies in apartments. (AP Photo/Mark Baker, File)

FILE - A house is for sale in Christchurch, New Zealand, Aug. 13, 2018. New Zealand's government introduced sweeping measures to free up land for new homes on Thursday, July 4, 2024, pledging to "flood the market" with opportunities to build houses, and scrap rules for minimum floor areas and balconies in apartments. (AP Photo/Mark Baker, File)

FILE - A house is for sale in Christchurch, New Zealand, Aug. 13, 2018. New Zealand's government introduced sweeping measures to free up land for new homes on Thursday, July 4, 2024, pledging to "flood the market" with opportunities to build houses, and scrap rules for minimum floor areas and balconies in apartments. (AP Photo/Mark Baker, File)