Diesel price rise pushes New Zealand construction costs higher
Residential building costs rose 1.1% in the latest quarter as higher diesel prices increased fuel-intensive work like excavation and demolition.
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Residential building costs rose 1.1% in the latest quarter as higher diesel prices increased fuel-intensive work like excavation and demolition.
Six companies linked to NZ Build Group have entered liquidation, owing the Inland Revenue over $1.45 million, as a construction downturn takes its toll.
A builders' co-operative is pushing for reforms to consenting, liability, and warranty rules as construction activity reaches its lowest level in a decade.
Labour productivity in New Zealand civil construction has fallen 6%, erasing two decades of gains in four years.
Rising material prices and building costs are forcing clients to cancel projects across the construction sector.