PHOTO: CHRISTEL YARDLEY/STUFF Housing and Urban Development Minister Phil Twyford says he thinks Kiwibuild will complete 300 houses but not 1000 houses in its first year.

Kiwibuild may not meet its first year target, but some economists and developers believe people have been too quick to dismiss its influence.

Housing and Urban Development Minister Phil Twyford says Kiwibuild is on track to complete 300 houses by July 1 but that it will miss its first year target of 1000 homes.

Auckland Council’s chief economist and former Westpac economist David Norman said that was not surprising because of the time it took to get housing underway.

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