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.