Building activity is still running hot -- but the sector's running into capacity constraints
Building activity is still running hot -- but the sector's running into capacity constraints
6 March 2023
Stats NZ figures show the building activity fell 1.6 percent in the December quarter, compared with quarter before.
Westpac Senior Economist Satish Ranchhod says there's been some big increases in the past year -- and now the industry's stretched thin.
He says they can't push activity much higher from here because we don't have the staff.
Ranchhod says all those projects we've consented over the past year are going to take a while to complete.
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