New Zealand's construction sector faces stagnant productivity, contributing to an unaffordable housing market.

New Zealand's construction sector faces productivity challenges, with a report by the New Zealand Chinese Building Industry Association revealing stagnant productivity since 1985. The slow build process, contributing to an unaffordable housing market, has seen home construction time rise by 50% since 2013. The government aims to address these issues by streamlining the building consent system and reducing red tape, making it easier and more affordable to build homes.

August 08, 2024
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