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

 

Building And Construction Sector Trends Annual Report 2021 Indicates Sector Remains Strong In Face Of COVID-19

The Ministry of Business, Innovation and Employment (MBIE) has today released the Building and Construction Sector Trends Annual Report 2021.

The report provides an overview of the building system over the past twelve months to June 2021, outlines the context within which the sector is operating and identifies emerging trends in building and construction.

Janet Blake, Manager System Strategy and Performance at MBIE says the report demonstrates the building and construction sector’s contribution to the New Zealand economy.

“Today’s report shows the sector is one of the largest national employers and has been a major contributor to New Zealand’s economy this past year”, says Ms Blake.

“The data in the report indicates the sector has remained strong despite the challenges posed by the COVID-19 pandemic. Building consent numbers reached record-level highs in 2021 and the size of the workforce increased, reflecting the elevated levels of building activity around the country.

“There are now approximately 275,600 people in construction related employment, and construction has been the industry with the greatest increase in jobs since the beginning of the pandemic.”

Statistics in the report indicate that the industry is becoming more diverse, with one-third of the construction workforce identified as being of Māori (15 per cent), Pacific (7 per cent), or Asian (11 per cent) ethnicity, an increase of 2 per cent from 2018. The proportion of female workers has also increased in the past decade and the data shows that workers in the construction sector tend to be younger in age when compared against the national population.

This year’s report also shows how the building landscape is changing with the introduction of innovative building designs, technologies and materials such as smart buildings, 3D printing and engineered living materials.

“The report notes that these innovations may introduce efficiencies and lower costs in the building process, increase worker health, safety, and well-being; and improve the quality and durability of buildings”, says Ms Blake.

“These new innovations also present the sector with the opportunity to reduce the emissions and carbon footprint of buildings to help New Zealand reach its climate change goals.”

Through the long term Building for Climate Change programme, MBIE is developing targets for embodied carbon, energy and water use to reduce emissions for constructing and operating buildings, and to make sure buildings are prepared for the future effects of climate change.

“We need to shift the way we think and operate across the sector. These innovations will have a role to play in helping us to design, build and operate buildings in a way that supports our pathway to lower emissions,” Ms Blake says.

“MBIE will continue to encourage innovation and identify opportunities for the sector with these reports every year.”

The Building and Construction Sector Trends Annual Report 2021 is available here: www.mbie.govt.nz/building-and-energy/building/building-system-insights-programme/sector-trends-reporting/annual-reports

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>



REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>



Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>



ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>


Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>