ComCom microscope shifts to building supplies

ComCom microscope shifts to building supplies
'Significant portion' of housing costs tied to building supplies. (Image: BusinessDesk)
Brent Melville
The Commerce Commission has been given the green light to investigate the building supplies sector, with a view to slowing rampant housing inflation.Commerce and consumer affairs minister David Clark said the latest market study will commence this week.Citing the “highly concentrated” nature of some markets in the supply chain, Clark said the commission will be able to investigate factors that may affect competition.These include the supply or acquisition of key building supplies across materials used for building foundations, floor...

More Property

Failed Haven Living owes at least $2.1m
Property

Failed Haven Living owes at least $2.1m

The company owes landlords and faces a range of proceedings, liquidators say.

'Trusted' builders to certify their own work
Property

'Trusted' builders to certify their own work

The changes are the latest in the Government's moves to make building more efficient.

Maria Slade 28 Apr 2025
RoofBuddy founder's previous venture was liquidated
Property

RoofBuddy founder's previous venture was liquidated

RoofBuddy sponsors the New Zealand Warriors NRLW franchise.

Gregor Thompson 24 Apr 2025
JLL to close debt advisory unit
Property

JLL to close debt advisory unit

Global commercial real estate firm Jones Lang LaSalle (JLL) is offshoring its debt advisory division, a month after it announced it would downsize its New Zealand footprint.  The Australian Financial Review (AFR) reported on Tuesday evening that JLL is closing its Australian and...

Gregor Thompson 23 Apr 2025