Fletcher says Knauf pullback would have "little effect" on housing affordability

Fletcher says Knauf pullback would have "little effect" on housing affordability
By Tina Morrison Nov. 17 (BusinessDesk) - Fletcher Building, New Zealand's largest building company, says the potential scaling back of the local operations of its plasterboard rival Knauf would have "very little effect" on housing affordability. "The key to housing affordability is availability of land, the fraction of a new house that is plasterboard is absolutely tiny, so the fact that one player may well be pulling out should have very little effect on that," Fletcher chief executive Mark Adamson told BusinessDesk on the sidelines of...