Builders struggle to source labour, secure supplies pushing up costs

Builders shouldn't get 'sucked into upfront pricing'. (Image: Supplied)

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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Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 6:15pm

Law & Regulation

Two new judicial appointments

Attorney general Judith Collins reveals new judges for high court and court of appeal.

Staff reporters 3:15pm

Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 2:30pm

Sponsored

Boosting rural growth with innovation

Productivity and sustainability go hand in hand for the rural sector

ASB Scam Update

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts