The National Construction Pipeline Report 2018, out on Monday, forecasts a continuing rise instead of a tailing off in housing construction, a less optimistic future for non-residential & flatlining for infrastructure.
The annual national construction pipeline report acknowledges an optimism bias in forecasting, then doesn’t seem to take it into account.
The annual National Construction Pipeline Report, out yesterday, is forecasting $200 billion of construction around the country over the next 6 years.
Forecasting in the third National construction pipeline report is for a steady growth of multi-unit housing’s share of the residential market in Auckland over the next 5 years, even though developers have won approval for a high proportion of new housing to be in greenfield special housing areas.
A construction forecast released yesterday opened up talk of a boom around the nation, but especially in Auckland housebuilding. There are 2 things wrong with the boom assumption.
Australian industry analyst & economic forecaster BIS Shrapnel expects New Zealand building consents over the next 5 years to be worth more than the historically high level reached during the 2004-08 boom period, led by the Christchurch rebuild. The annual rate of both residential & non-residential consents went over $10 billion/year in October and BIS […]