Building pipeline to drop by $9.2b annually, says report

Multi-unit builds in Auckland are expected to decline. (Image: BusinessDesk)

Mon, 15 Aug 2022

Annual construction work in New Zealand is expected to tail off by a significant $9.2 billion over the next five years, on the back of the flagging housing market, a new report says.The national construction pipeline report for 2022, prepared by the Building Research Assoc (Branz) and construction research firm Pacifecon, is picking an easing in total construction activity to $41.7b annually by 2027. Last year’s building boom was sparked by record low interest rates, a post-covid lockdown bounce and the central bank’s ‘qu...

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