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

Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024