Construction activity
The value of non-residential building work being undertaken is declining faster than residential builds
The value of non-residential building work being undertaken is declining faster than residential builds
Building consent figures suggest slowdown in construction activity is likely to last beyond 2026
Latest Statistics NZ figures suggest building activity peaked in Q3 2022 and started to decline in Q4
26
Latest Statistics NZ figures suggest building activity peaked in Q3 2022 and started to decline in Q4
Construction activity declined by $307m in Auckland due to the Level 4 restrictions while activity appears to have increased in the rest of the country
10
Construction activity declined by $307m in Auckland due to the Level 4 restrictions while activity appears to have increased in the rest of the country
Residential construction is going gangbusters but non-residential building work is patchy
The decline in building activity during the Level 4 lockdown was much less than expected, with residential construction proving particularly resilient
2
The decline in building activity during the Level 4 lockdown was much less than expected, with residential construction proving particularly resilient
The timing for the completion of a swag of new commercial building projects could not be worse as we stare down the barrel of recession
132
The timing for the completion of a swag of new commercial building projects could not be worse as we stare down the barrel of recession
Value of new building work up 15.7% in the first quarter year-on-year to $6.11 billion, Statistics New Zealand says
7
Value of new building work up 15.7% in the first quarter year-on-year to $6.11 billion, Statistics New Zealand says
Statistics New Zealand figures show nationwide building consents have more than doubled in the last seven years, though the total for 2018 of 32,996 was below the peak seen in the mid-1970s
47
Statistics New Zealand figures show nationwide building consents have more than doubled in the last seven years, though the total for 2018 of 32,996 was below the peak seen in the mid-1970s
Dairy sector manufacturing (but not exports) covers for considerable fall in construction activity as GDP grows 0.5% in March qtr vs RBNZ pick for 0.9% growth
27
Dairy sector manufacturing (but not exports) covers for considerable fall in construction activity as GDP grows 0.5% in March qtr vs RBNZ pick for 0.9% growth
Building industry boomed everywhere but Wellington in the second quarter
The value of residential and commercial building work slipped back in the March quarter
The value of residential and commercial building work slipped back in the March quarter
Construction activity is driving GDP growth but it's still largely an Auckland and Christchurch story
3
Construction activity is driving GDP growth but it's still largely an Auckland and Christchurch story
Residential building value falls in March, but not as much as expected
Residential building value falls in March, but not as much as expected