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Fast facts from the building and housing sector

There were 1,478,709 occupied dwellings recorded in the 2006 Census. The Reserve Bank estimates the value of private sector residential dwellings at approximately $605 billion at the end of June 2007.
The construction industry contributed approximately 5 percent of New Zealand’s GDP in the March 2007 year.
Approximately 26,000 new dwellings were being built during 2006.
In the September 2007 quarter there were approximately 176,200 people employed in the construction industry. This is approximately 8 percent of the workforce.
The BCITO had 9,044 apprentices registered with it at the end of 2005, and 1,045 apprentices completed their apprenticeships during 2006.
The Reserve Bank estimates that approximately 90 percent of New Zealand households' total net worth is represented by housing assets.
At the 2006 Census 743,955 dwellings were owned. 451,962 were not owned, and another 167,925 dwellings were held in a family trust.
The average rent with a bond attached was $275 per week in September 2007.
The average rental tenure with a bond attached lasts for about 1 year.