National Construction Pipeline Report 2016

The statistics are out and the forecast for construction has been presented in the National Construction Pipeline Report 2016.
The forecast for construction is as follows:

• Residential building will grow into 2017 and will peak at about 21 billion and will have a longer peak due to unmet housing demand in Auckland .
• Non-residential building will now peak at about 8.8 billion in 2018 and this is due to Canterbury anchor projects, a number of major university developments and expected increase in schools and retail development to coincide with residential growth.
• Other construction including infrastructure is forecast to grow steadily from 7.5 billion through to 8.2 billion by 2021.

 Read the MBIE summary here