BUDGET 2018: Construction sector bottleneck threatens growth and KiwiBuild outlook

Thu, 17 May 2018

By Pattrick Smellie May 17 (BusinessDesk) - Bottlenecks in the booming construction industry see weak growth in residential house-building over the next 12 months and have forced the Treasury to halve its forecast rate of progress on the government’s KiwiBuild affordable housing policy. Where forecasts before Christmas assumed around $5 billion of KiwiBuild-induced “additional nominal residential investment” over the next five years, the forecast is now for just $2.5 billion over that period. “A greater proportion is assumed to occur o...

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