Monday, 21 December 2020, 4:15 pm
The National
Construction Pipeline Report 2020 released today
forecasts a short-term decline in construction activity as a
result of the COVID-19 pandemic.
The Report
commissioned by MBIE provides a projection of national
building and construction activity for the next six years,
through to 31 December 2025, based on current settings. It
includes national and regional breakdowns of actual and
forecast residential building, non-residential building and
infrastructure activity.
“While there is a lot of
uncertainty as a result of the pandemic, the Report expects
a decline in the total value of construction through to
2023, before it starts to recover,” says John Sneyd,