In the North Island, population growth has propagated residential sector construction in Auckland. In the South Island, the Christchurch post-earthquake rebuild was responsible for the majority of construction sector work. The leading regions in terms of the value of construction work in New Zealand were Auckland, Canterbury, Waikato, Bay of Plenty, and Wellington. The demand for construction-related occupations in all these regions except for Canterbury was expected to continue to rise. Despite the seemingly endless construction boom, problems with the building industry have been unveiled through recent major company collapses. The coronavirus pandemic also led to a slight decline in construction work in 2020.
Auckland residential constructionThe Auckland region leads the nation in terms of total construction work value, particularly in regards to residential construction. The change in the number of new dwellings consented in the Auckland region has continually been positive over the past few years, driven by a strong demand for residential homes. The New Zealand Government as well as the Auckland Council have pledged to build 50,000 new homes in response to housing shortages.
Aucklanders have faced increasing housing costs as a result of these shortages, with the average cost of a residential property surpassing one million New Zealand dollars in most Auckland districts. Major companies in the residential construction market in Auckland included Fletcher Construction, Changda, Metlifecare, Oceania Group, CMP Construction, and G.J. Gardner Homes.