The Building Sector Braces For An Uncertain 2023

Some in the building industry are optimistic that sky-high demand is easing back to pre-Covid-19 levels.

But with economic uncertainty, there are also concerns demand could dry up altogether.

NZ Certified Builders chief executive Malcolm Fleming said they were seeing a 20 percent slowdown in enquiries for new residential builds.

There had also been a 20 percent scale-back in existing projects, such as renovations, which Fleming said was providing a reprieve for the industry.

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Source: RNZ Pacific

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