Photo / FilePeople building or renovating their homes may have to increase their budgets, as one of the country's major timber suppliers halts some local supplies. Carter Holt Harvey has stopped supplying structural timber to Bunnings, ITM and Mitre 10. Archer said while Carter Holt Harvey was not the only timber supplier, it could mean construction projects cost more as builders try to source supplies elsewhere. Once again it's supply and demand, so if there's a lack of supply then demand goes up and unfortunately costs will go up with it." "[Carter Holt Harvey] isn't a major supplier to Bunnings and customers can be assured we will continue to work with our suppliers to meet demand for timber across our store network," he said.

Source: New Zealand Herald March 28, 2021 07:35 UTC