Construction industry struggling to grow further, despite demand: ANZ - News Summed Up

Construction industry struggling to grow further, despite demand: ANZ


Construction industry struggling to grow further, despite demand: ANZRoss Giblin Building work in Wellington. A building expert says New Zealand's construction industry is like a factory that cannot turn out houses any faster, as new data suggests the industry has struck "peak construction". "While the level of building activity is elevated, and firms continue to report that they are extremely busy, what is clear is that the construction sector is struggling to grow further. READ MORE:* Warning that NZ is heading for peak construction as banks tighten purse strings* Booming construction industry needs change to meet Auckland demand* Construction industry has 'room' for third player of scale: expertsRoss Giblin Can we build more homes? However, building activity eased in Wellington, regional North Island and Canterbury, where building activity fell 4 per cent.


Source: Stuff September 10, 2017 21:45 UTC



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