Construction peak to be higher, last for longer
Residential, commercial and infrastructure building activity is forecast to continue to boom for the next three years to a record $42 billion in 2020, according to the independent National Construction Pipeline Report for 2017 released today by Building and Construction Minister Dr Nick Smith.
“The principle answer to New Zealand’s housing challenges is to build more and this report shows we are on track with record numbers of new homes in the pipeline. The report projects 196,500 homes will be built over the next six years, the largest ever in New Zealand history, with 100,000 over the next three years,” Dr Smith says.
https://www.beehive.govt.nz/release/construction-peak-be-higher-last-longer
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