Scoop has an Ethical Paywall
NZ construction value hits 18-mth high in June qtr
NZ construction value hits 18-month high in June quarter
By Paul McBeth
Sept. 9 (BusinessDesk) – The value of New Zealand’s total building work hit an 18-month high in the June quarter as the construction sector bounces back from a slump.
The total value of building work put in place rose to $2.89 billion in the three months ended June 30, according to Statistics New Zealand, the highest since the December quarter in 2008. The value of residential work surged 21% to $1.69 billion from the March quarter, while commercial work gained 13% to $1.91 billion.
Construction has bounced back from its low in September last year, though it’s still 18% below a peak in December 2007, and the sector will get a fillip from the rebuilding of Christchurch after the 7.1 magnitude earthquake caused some $4 billion worth of damage to the city.
The property market has been struggling this year after a shortage of housing stoked prices as returning expatriates and new migrants looked for new homes.
(BusinessDesk)
Science Media Centre: Carbon-storing Construction Materials – Expert Reaction
Vegetables New Zealand: New Web-Based Tool Will Help Greenhouse Growers Switch To Geothermal Heating
Horizon Research Limited: New Poll - New Zealanders Prefer Rail Enabled Ferries
Watercare: Watercare Gets To Work On First Permanent Non-Potable Water Tanker Filling Station In Māngere
Alcohol Healthwatch: Licensing Decision Lauded For Prohibiting Buy Now Pay Later Schemes In Bottle Stores
Motor Industry Association: Vehicle Registrations Up 5.6% In December, But Year-To-Date Sales Reflect Market Challenges
