Construction activity in New Zealand to peak in 2021

By Andy Brown04 September 2019

Auckland, New Zealand

Construction in New Zealand is predicted to grow from 2019-2021

Construction in New Zealand is predicted to grow over the next few years, peaking at NZD43 billion (US$27 billion) in 2021, up 5% from 2018’s NZD39 billion (US$24 billion), according to the National Construction Pipeline Report 2019 from the New Zealand government.

Residential buildings are the largest contributor to national construction in New Zealand. Residential buildings contributed 58% of total construction value in 2018, with this segment expected to grow moderately through the forecast period to NZD26.8 billion (US$16.9 billion) in 2023.

Non-residential building (22% of current total value) is expected to peak in 2021 at NZD9 billion (US$5.6 billion). Infrastructure activity (20% of total current value) is forecast to moderately increase throughout the forecast period to NZD8.3 billion (US$5.2 billion) in 2024.

Construction activity is predicted to drop after 2021 due to a levelling out of residential building projects.

Latest News
Boels orders 600 Atlas Copco compressors
Order includes plug-and-play, electric-powered portable compressors for low emission zones
Initial works contract for US$6.6 billion Australian rail link
Laing O’Rourke has been awarded the Initial Works and Early Works package for Suburban Rail Loop in Australia
Business leaders’ recognition for waste company MD
UK’s Institute of Directors honours Jacqueline O’Donovan at annual awards event