New Zealand faces a housing shortage with construction struggling to meet demand. Structurally insulated panels (SIPs) have been demonstrated internationally as a method of construction which could reduce construction time frames, improve the standard insulation in housing, as well as reduce the amount of waste generated on construction sites. However, anecdotal evidence shows that the SIPs’ adoption is lacking, which is, perhaps, attributed to its industry-wide acceptance level. Thus, in this study, the construction stakeholders, such as architects/designers, builders, territorial authorities and homeowners were targeted to shed light on current status of SIPs use, benefits offered and any barriers inhibiting its industry-wide implementation. This was done through a survey, which was designed to understand the construction stakeholders’ experience levels regarding SIPs use in New Zealand as well as their opinions about any problems associated with the SIPs adoption. Although the stakeholders were happy with the thermal performance offered by SIPs, the results indicate that lack of familiarity and understanding are one of the main barriers to the widespread use of SIPs in New Zealand. Moreover, proper training and clear design information are reported to be crucial to make the building and consenting processes efficient, which will ultimately improve the cost-effectiveness. Despite the barriers (to SIPs adoption) documented by stakeholders, the common belief is that SIPs offer wide-range of benefits to improve performance of the built environment; hence, the stakeholders expressed their willingness to design/build/recommend SIP homes. It is hoped that the findings of this study will guide the industry practitioners in investing their efforts in wider adoption of SIPs in New Zealand.