Workers, not material costs biggest challenge for NZ builders

Many firms expect increased turnover in the coming year. (Image: Depositphotos)

Wed, 12 Jul 2023

Mid-sized construction firms have weathered escalating costs better on this side of the Tasman than their Australian counterparts, with lack of workers their biggest challenge. An MYOB survey of 274 business leaders and decision makers in construction firms with between 20 and 500 employees showed businesses on both sides of the Tasman expect activity to perk up in the coming 12 months, with Kiwis doing it tougher than their western neighbours. Still, the cost of building products has climbed at a faster pace in the larger nation, at...

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