UPDATE: KiwiBuild will crowd out as much as 75% of other home building: RBNZ

Thu, 14 Feb 2019

(Updates to add comment from Finance Minister Grant Robertson from 9th par) By Jenny Ruth Feb. 14 (BusinessDesk) - The Reserve Bank estimates that for every 100 houses built under the government's KiwiBuild programme over the next three years, between 50 and 75 other houses may not be built because of capacity constraints. Talking to parliament's Finance and Expenditure Committee yesterday, Reserve Bank governor Adrian Orr pointed to the separate paper the central bank published on Wednesday outlining its assumptions about the KiwiBuil...

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