NZ residential building slows in 4Q as skilled labour in high demand

Thu, 02 Mar 2017

By Sophie Boot March 3 (BusinessDesk) - The value of New Zealand residential building work rose by a slower pace in the December quarter, hampered by capacity constraints with skilled construction workers in high demand. The seasonally adjusted value of residential building work gained 2.5 percent in the three months ended Dec. 31, after a 4.1 percent rise in the third quarter, Statistics New Zealand said. Residential building work volumes grew a seasonally adjusted 1.1 percent in the latest three-month period, down from 2.4 percent in th...

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