You are using an older browser version. Please use a supported version for the best MSN experience.

Building boom will last until 2021: report

NZ NewswireNZ Newswire 26/07/2016
Employment Minister Steven Joyce © Getty Images Employment Minister Steven Joyce

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 per cent on 2015.

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

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 $37b 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.

image beaconimage beaconimage beacon