Construction is already tens of thousands of homes behind schedule after the first full year of the national housing target.

Federal targets to build more than one million homes in five years are more than 60,000 properties behind schedule after the first 12 months.

The latest building activity figures released on Wednesday by the Australian Bureau of Statistics reveal construction started on just more than 179,000 homes in the 2024/25 financial year.

The figures were the first full year as part of the national housing accord target of building 1.2 million properties by 2029.

In order for the figure to be reached, 240,000 properties would need to be built each year.

Peak bodies warn the target could fall short by 200,000 homes at the end of the five-year period.

Housing Industry As

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