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15 Apr 2024 9:06
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  •   Home > News > Business

    The drop in new homes consented, may bring some difficult decisions for businesses

    The drop in new homes consented, may bring some difficult decisions for businesses


    Around 37-thousand new homes were consented in the year ending December 2023, down by around 25 percent compared to a year ago.

    All regions except Gisborne and Hawke's Bay, consented fewer new homes compared to last year.

    Master Builders CEO David Kelly says if the consents are down, a lot of businesses won't be able to carry the same overhead.

    He says that'll mean in many cases having to lay off people -- many of whom have become well ingrained in the business.

    © 2024 Newstalk ZB, NZCity

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