Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


RMBF: Worst Year Ever For New Building Activity

3 June 2011

Registered Master Builders says new building activity worst year ever

The Registered Master Builders Federation (RMBF) says the latest building consent figures released today indicate that the number of new houses to be built in 2011 will most likely result in the lowest number ever recorded. Statistics New Zealand figures show 893 new home consents were issued in April, down 14.7% from the previous month. New home building consents issued so far this year are 777 in January, 973 in February, and 1047 in March.

RMBF CEO Warwick Quinn says that “when these figures are extrapolated for the remainder of the year we are looking at barely over 11,000 new home consents for 2011 and with apartments included we might make 11,500. If these trends hold true that translates to a 25% reduction on the 2010 year”. This means that builders will continue to release skilled staff which will result in the continuing loss of capability at the very time they need to be retained given what New Zealand is facing over the next few years.

Mr Quinn says that due to the current work shortage there is no immediate skill shortage however we have an imminent medium - long term skills capability problem. He cites the Canterbury rebuilding work, the housing shortage in Auckland and the leaky home repairs needed as known work streams and says the economy will also eventually recover to a point where there is a general increase in construction activity.

“It is imperative the construction sector does not contract further as the industry will struggle to cope when the market eventually responds. We can see this large amount of work in front of us but in the mean time we are continuing to lose skills as the work disappears.”

Mr Quinn says that there is spare capacity in the system at present and liquidity pressure was building in the Canterbury region as a result of September and February quakes.

The regions with the largest decreases were Canterbury, Waikato, Hawke’s Bay and Otago.


© Scoop Media

Business Headlines | Sci-Tech Headlines


CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>

PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas

According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>