The value of construction in New Zealand is higher than its been in the past 50 years and this activity is expected to continue for the next 6 years at least. Most of the activity can be attributed to Auckland’s housing boom.
The National Construction Pipeline Report released by Building and Housing Minister Nick Smith confirmed this boom.
The report revealed that $209.4 billion of work is over the next six years, peaking in 2016 at $36.5 billion.
It has been estimated that 94,400 new dwellings approvals will take place between 2013-2020.