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Property

Builders struggle to source labour, secure supplies pushing up costs

Brent Melville
Thu, 09 Sep 2021

Builders shouldn't get 'sucked into upfront pricing'. (Image: Supplied)
Brent Melville
Thu, 09 Sep 2021
Registered Master Builders chief executive David Kelly believes the building industry is now at a "multi-decade" peak on the back of record housing demand. That’s rewarded vertical building contractors and higher-end architectural building firms with bulging forward books and a pipeline of work that in some cases stretches out more than three years.This week Stats NZ reported a 59% annual spike in the value of residential building activity to $4.9 billion for the June quarter. The lion’s share, $2.8b, is in Auckland,...

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