FOR IMMEDIATE RELEASE
New Zealand’s Construction Industry Holding Steady
Registered Master Builders Federation Chief Executive Pieter Burghout says the consent figures released today by
Statistics New Zealand show that consent numbers and values are generally holding steady across most sectors of the
industry and across the country in general.
“Excluding apartments, the numbers of residential consents for September 2006 are similar to those issued in September
2005. The value of those consents has actually gone up by 13% [$655m in total for the month of September 2006] – this
shows a residential sector that is very much on a ‘steady as she goes’ path,” Mr Burghout said.
“Non residential consent values [September 2006 against September 2005] have gone down 15%, but September 2005 was one
of five or so extraordinarily high/peak months over the last year or so – the adjusted trend-line for non-residential
values is actually the highest it has ever been, at around $340m of consented work per month,” said Mr Burghout.
Overall, annual year to date construction industry expenditure is sitting at $11.16 billion, up 2.1% on the September
The Registered Master Builders Federation is very pleased with the trend analysis year to date – they reflect an
industry consolidating around a solid platform of around 25,000 new home consents and $4 billion of non-residential
expenditure per year.
“This helps give a pleasing level of certainty to an industry that once used to have much higher extremes in expenditure
each year,” said Mr Burghout.
The Statistics New Zealand numbers reflect the anecdotal evidence offered by Registered Master Builder members that most
still have at least 12 months of committed work ahead of them.
“As well as the quantity of work, our members are also providing the quality – our recent national House of the Year
Awards function held in Auckland over the weekend showcased 100 of the best building projects from across the country,”
said Mr Burghout.
The 2006 PlaceMakers Supreme Award and House of the Year was awarded to N.T Stevens Limited for their spectacular
renovation of a two storey residence in Karori, Wellington. While the RMB Commercial Project of the Year went to
Dunedin-based builders Naylor Love Limited for their Columba College Sports Centre.