NZCB In The News – The new residential building market is facing tough times

New Zealand Certified Builders chief executive Malcolm Fleming said members had reported a distinct reduction in new inquiry generally, with the drop off most pronounced for new homes.

It was also building resilience amongst its 2300 businesses with the development of a Business 101 suite of workshops.

“This will reduce the incidence of business failure within the residential builder market, which reduces risk to the homeowner, as well as to the supply chain that provides the builder with goods and services on credit.” Building merchants were now active in providing builders with quotes for single residential building projects, which they had moved away from doing and would mean flow on savings to the homeowner.

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