Building boom to last another five years - report

  • 26/07/2016
Housing Minister Nick Smith (Getty)
Housing Minister Nick Smith (Getty)

The building boom will last through to 2021, when the sector will be employing more than half a million people, new reports are forecasting.

Government ministers released the National Construction Occupations Projections report and the National Construction Pipeline report on Tuesday.

Employment Minister Steven Joyce says the first shows construction-related occupation numbers hitting 539,500 in the next five years, up 10 percent on 2015.

Occupations expected to experience the largest growth during that time are electricians, up 14 percent, plumbers up 13 percent and civil engineering professionals up 11 percent.

Building and Housing Minister Nick Smith says the second report shows building activity is at record levels nationwide.

"This report shows annual construction activity across New Zealand has topped $31 billion, an all-time high, and is projected to reach $37 billion in 2017," he said.

"Residential construction is particularly strong ... Auckland is expected to reach an all-time high of 13,332 homes in 2017 and stay at record levels until 2022."

Both reports were independently produced by research companies.

NZN

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