2024 Builder Sentiment Report reveals a 64% drop in NZ construction project starts and 61% in enquiries due to economic downturn.
The EBOSS 2024 Builder Sentiment Report reveals a significant slowdown in New Zealand's construction industry, with project starts down 64% and project enquiries down 61% due to economic downturn. The report, based on data from over 650 builders, shows reduced demand for services, increased project cancellations and postponements, and a decline in workload for smaller businesses. The construction pipeline is slowing, and builders are calling for government support and improvements in council compliance processes to help the industry recover.
August 11, 2024
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