The Registered Master Builders Association (RMBA) has welcomed the Government’s announcement for $179 million infrastructure funding to incentivise the building of an estimated 8000 homes over the next 20 years in regional New Zealand where that infrastructure is currently lacking.
“This is good use of the Infrastructure Acceleration Fund, with the Government’s package directed towards vital infrastructure that will facilitate a range of housing from elderly housing, papakainga, public, affordable and market housing,” RMBA chief executive David Kelly says.
“Despite inflationary pressures, the government understands we have a housing crisis, and we need a strong construction sector to build those houses, so any infrastructure investment directed towards that end is welcomed.”
The announcement also outlined a first principles approach to consenting, which the RMBA supports.
“We recognise that the current consenting model is not working and needs to change. We will continue to work closely with the Ministry of Business Innovation and Emplyment on this review.
“What is also vitally important is that we also work together to develop some “quick win” changes to improve the current system while this review is under way.
“We need to also take action to alleviate some of the pressure and delays which are costing builders and home owners today,” Kelly says.
“Our members will be encouraged by today’s announcement, and we look forward to further investments that will satisfy the demand for more housing, and help to maintain a resilient construction sector able to build them.”
Meanwhile, the RMBA also welcomed the Government’s moves to support the building of more affordable homes, and supporting the sector as the boom-and-bust cycle begins to turn.
“The Government’s package will help support the sector to continue to build through the downturn, so is a positive first step,” Kelly says.
“We may be entering a market downturn, but New Zealanders still need homes, and the economy needs a healthy construction sector to build them.
“We strongly support the measures the Government is taking to help support the sector. Alongside this, the extension of the Apprenticeship Boost is another positive development,” Kelly says.
The construction sector is the third-largest contributor to GDP, contributing $20 billion per annum and sustaining more than 540,000 jobs.
The sector is an important driver of the economy, and is responsible for building homes, schools, hospitals and workplaces across New Zealand.