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15 Aug 2022 15:03
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  •   Home > News > Business

    Warnings from industry leaders that the housing crisis could deepen and property prices could spiral again if new builds stall

    Warnings from industry leaders that the housing crisis could deepen and property prices could spiral again if new builds stall


    The Master Builders Association says supply chain issues and rising material costs are behind a drop in sales and inquiries for new housing builds, as lending becomes tougher and banks want fixed-price contracts.

    Vice-President Johnny Calley says it's the hardest it's ever been to build housing.

    He says with pressures coming from all directions... difficulties are unable to avoid.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     15 Aug: Restaurants say the commission charged for food delivery can make it impossible to turn a profit
     15 Aug: New Zealand's avocado growers are remaining upbeat, despite predictions the industry could take a hit
     15 Aug: Uber generated 1.2-billion dollars in economic value for New Zealand last year
     15 Aug: NZ Rugby boss defends lack of certainty about All Blacks coach's future
     14 Aug: A warning to Kiwi investors about the dangers of misleading cryptocurrency offers
     14 Aug: Despite ongoing lockdowns, China's demand for beef is expect to stay strong for the rest of the year
     13 Aug: A milestone birthday for our Interislander ferry service
     Top Stories

    RUGBY RUGBY
    Captain Sam Cane will have his phone handy should New Zealand Rugby seek his opinion over All Blacks coach Ian Foster's future More...


    BUSINESS BUSINESS
    Restaurants say the commission charged for food delivery can make it impossible to turn a profit More...



     Today's News

    Accident and Emergency:
    Police have found two people they were seeking, after a police vehicle pursuit Lake Rotoaira, in the Central Plateau 14:49

    Rugby:
    Captain Sam Cane will have his phone handy should New Zealand Rugby seek his opinion over All Blacks coach Ian Foster's future 14:49

    Entertainment:
    Ozzy Osbourne is excited to make a permanent move back to England 14:42

    Motoring:
    Australia is in the middle of a cost of living crisis but we’re not the only ones. Here’s what inflation looks like around the world 14:39

    Entertainment:
    Brooklyn Beckham feels "sad" not to have made it as a soccer player 14:12

    Cricket:
    A defeat in a dead rubber isn't worrying the Black Caps 14:09

    Health & Safety:
    A life-changing drug for Cystic Fibrosis is one step closer to being publicly funded 14:09

    Entertainment:
    Salman Rushdie's suspected stabbing attacker is in custody 13:42

    Living & Travel:
    Egypt church fire kills at least 41 including 10 children, injures 16 others in Cairo neighbourhood 13:39

    International:
    The FBI has warned of a spike in violent threats after their search of Donald Trump's home. Here’s what we know 13:29


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