Hon Dr MEGAN WOODS (Minister of Housing): I've received advice that the current gap between housing supply and demand in New Zealand is anywhere between 28,000 and 200,000 homes. This range is based on estimates by many commentators and economists, and the precise figure is contested as there is not one set methodology for measuring the gap between supply and demand. The estimates that I have received advice on include Kiwibank, who forecast an 80,000 gap; Westpac, who forecast a 50,000 gap; ASB, who forecast a gap of 60,000 to 65,000; Sense Partners, who forecast a gap of 28,000 to 45,000; Infometrics, who forecast a gap of 40,000; ANZ, 60,000 to 120,000; and Ashley Church, who forecast 200,000. Then there is other data that we monitor and I receive advice on, such as CoreLogic, who track market activity but do not engage in forecasting. There is BRANZ and Pacifecon New Zealand, who provide building and construction forecasting and data on known intentions, and these numbers go towards providing a six-year forecast of national building and construction work. And then, of course, there is Stats NZ, who provide inter-census estimates of dwellings and populations, and projections of future population growth and household formations, but, again, these are not forecasts. While it's important that we have good problem definition, and these forecasts help understand the scale of the crisis, it's equally important that after a decade of inaction by the previous Government, we get on and deal with the problem, and that's exactly what this Government is doing.