Another brick in the wall: Pandemic-led supply chain disruptions are building up input costs
The House Construction industry plays an integral role in New Zealand's economy, meeting a need for home ownership and rental accommodation while also having multipliers stimulating growth across the economy. Builders construct single-unit (detached) houses along with renovating and repairing existing homes. A shift in housing preferences towards high-to-medium density apartments and townhouses, which reflects an escalation in house and land prices and changing lifestyle choices, has significantly constrained the industry's long-term performance.
The industry consists of companies that mainly construct houses (excluding apartments and townhouses) or carry out alterations, additions, renovations or general repairs to houses. It also includes operators that organise and manage these activities as the prime building contractor.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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