Two reports and a web tool were released yesterday by Tertiary Education, Skills and Employment Minister Steven Joyce and Building and Housing Minister Nick Smith, to assist planning in New Zealand’s building and construction sector.
The National Construction Pipeline Report is an annual publication which forecasts the value of building and construction, by region and by type, for the next six years. It covers residential and non-residential projects planned by government, local government and the private sector.
Today the 4th National Construction Pipeline Report 2016 – 2021 [PDF 1.5MB] was released by the Building and Housing Minister Dr Nick Smith, and a companion report, the Future Demand for Construction Workers [PDF 1.7MB], which explains projections for construction-related occupations and provides a summary of key findings, was released by Tertiary Education, Skills and Employment Minister Steven Joyce. An interactive web tool has also been developed that enables users to select, view and download a range of information from both reports.
New Zealand's construction industry is growing rapidly, due to increased spending on housing, offices and factories, road and rail links, and water supply. This spending growth is leading to rising employment in the construction industry. These two reports and the web tool provide a clear picture of projected construction growth and the numbers and types of occupations needed, to inform business planning, capital deployment and investment in workforce skills.
You can read the full announcements from Tertiary Education, Skills and Employment Minister Steven Joyce and Building and Housing Minister Nick Smith on the Beehive website.
Comparing data readily available from IRD shows that the average qualified carpenter at age 28 is actually $120,448 better off than a law graduate. But money's not everything.
The number of Kiwis engaging in building and construction apprenticeships is at record highs, as the industry’s demand for skilled workers continues to surge.