Building intentions point to elevated activity for next few years

Paul McBeth
Fri, 29 Nov 2019

Economists expect construction activity to remain elevated for at least the next couple of years as cheap finance, recovering house prices, and a still-expanding population support demand for new buildings. New residential building consents decreased 1.1 percent in October, less than some economists had expected after a 7.4 percent jump in the prior month. At 3,406, permits for new homes were up 16.4 percent from October last year, reflecting double-digit growth in demand for apartments, retirement village units, townhouses, flats and unit...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
RBA hikes rates by 50 basis points
Ella Somers | Tue, 05 Jul 2022

The RBA’s hike was widely expected to be either in the 25bp or 50bp camp so the decision to go with a 50bp jump didn’t come as a huge surprise.

Kiwis' mental health down during pandemic, says wellbeing survey
Greg Hurrell | Tue, 05 Jul 2022

A Statistics NZ wellbeing survey that was cut short by last year's covid lockdown shows that more than a quarter of the population suffered from poor mental health.

Genesis could extend Huntly's life to post-2040 using biomass
Ian Llewellyn | Tue, 05 Jul 2022

Genesis considers the lifecycle of the Rankine units running on biomass can be extended to 2040 and possibly beyond.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges