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13 Sep 2024 1:21
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  •   Home > News > Business

    Builders are feeling the pinch, from rising costs and less work

    Builders are feeling the pinch, from rising costs and less work


    The latest EBOSS Builder Sentiment Report shows the number of businesses working at under half of their capacity has more than quadrupled -- from five-percent two years ago, to 21-percent now.

    70-percent of businesses feel industry conditions will continue to decline in the next 12 months.

    Construction Industry Council Executive Director Tommy Honey says the combination of tough economic conditions, and less work, is proving too much for many.

    He says it's sort of a perfect storm with the economic slowdown and rising material costs.

    © 2024 Newstalk ZB, NZCity

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