By Mike Blackburn*Like so many industries, the residential construction sector is subject to external market influences (things that happen and effect your business that you have no control over). Over the past 30 years, the residential construction market here in Canterbury has seen several boom, then bust, then boom cycles. So, what happens to residential construction during a recession? The end result is that the number of new residential construction activity will fall. So, in fact, the residential building sector is already in a recession and probably has been for most of the past year.
