In the News: Building sector looking forward to economic uptick

EBOSS has released a new report which suggests the building sector believes economic conditions may start to improve in the coming months.

The industry group’s latest sentiment report shows a net 33 percent of firms reported slower demand compared to 55 percent a year ago, with just under a quarter reporting an improvement, nearly double the number in 2024. However, the report suggested that conditions remain tough for the sector and that there are various challenges looming in the future, including a possible skills shortage.

RNZ reported on the news with comment from NZCB Chief Executive Malcom Fleming, who noted that smaller building firms had fared better over the past few years thanks to their adaptability.

“As new home build projects dried up, our members have shifted into doing more alterations and additions, the one area of the market where demand held firm. They also took on light commercial work, school projects, and flood and cyclone remediation work. It was driven by needs-must.”

Read the full report here.

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