Welcome
Second National Construction Pipeline Report Confirms First
The Productivity Partnership’s second National Construction Pipeline Report confirms the findings of the first National Construction Pipeline Report published in December 2013. It points to continued unprecedented growth in building and construction in New Zealand. The second National Construction Pipeline Report draws on updated data from Statistics NZ, projections by Pacifecon NZ Ltd based on their comprehensive database of non-residential building projects, and forecasts by BRANZ covering both residential and non-residential building.
Key findings are:
- construction activity is forecast to grow across New Zealand
- a minimum 10% increase is expected every year to 2017
- construction activity peaks in 2016 (2015 in Canterbury)
- the value of construction work undertaken in June 2014 was just below the previous peak in 2007
- growth continues to be driven by Auckland residential housing demand and the Canterbury rebuild
- growth in Canterbury construction activity is lower than previously forecast
The report identifies a small number of very large projects each valued at more than $100 million. Central government projects don’t feature largely in the forward work programme outside of Canterbury where nearly $1 billion of public works are scheduled to start before April 2015.
READ MORE
