Tauranga builder fails with $518,000 shortfall, recession fears raised
"We are now accumulating a backlog of unfinished houses" - National MP Andrew Bayly
AdvertisementAdvertise with NZME.
Latest from Construction
First image of how Ikea's Sylvia Park store will look
Sylvia Park was the "standout performer" and Ikea plans to open its first NZ store there.
Budget 2022: Move to stop supermarkets blocking rival stores hailed
The new law could help parties challenge the Countdown/Foodstuffs duopoly.
$4.8b landlord Goodman makes $748.6m, up 18%
Developments to add 100,000sq m of space, generating a further $21m annual rent.
Roger Partridge: Border announcements a mix of half-measures, muddled thinking
OPINION: NZ's border settings continue to confound, NZ Initiative chairman writes.
Calls for mental health support in construction sector
Construction has the highest rate of suicide of any industry in the country.
Big energy upgrades for new houses from November
Experts estimate up to $25,000 could be added to new builds.
Market thought we were 'mad' - $250m project boss
Goodman boss John Dakin on $93m land buy for $250m logistics hub.
Liquidators' report out on failed $80m Wellington builder
$17.6m liabilities but just $8.9m in assets and 320 unsecured creditors.
Construction starts on $150m Catalina Bay units
Construction of the 82-unit development is due to be finished in early 2024.
Big cracks starting to show in the economy
Editorial: Three reports this week make for troubling times ahead.
Gas for all aluminum-framed house windows by next November
Windows are estimated to be responsible for 35-50 per cent of winter heat loss.
'Order Gib now': PlaceMakers warns of price rises and product shortages
PlaceMakers said that no Pink Batts were being distributed from their factory this week.
Hope for Wellington's Armstrong Downes' subcontractors?
"The liquidators/developer will need to negotiate with the existing subbies" - Herd
New housing consents surpass 50,000, smash records
Four regions had record numbers of new homes consented, Stats NZ said.
$30,000 salary boost: The allure of Australia's big job offers
Recruiters are actively looking to coax Kiwis across the ditch.
NZ dollar falls to near two-year low as Wall St plunge drags shares down
A further plunge on Wall Street dragged the NZ sharemarket down nearly 1 per cent.
Where 3000 new Auckland apartments are planned
Plans could take 15 to 20 years to be completed
152-unit CBD project frozen as $80m+ Wellington builder goes into liquidation
"It's a reflection of the unstable market. Everyone is busy," says one sector leader.
The Kiwi industry that's forecast to need more than 200,000 workers - and the lure of Oz
The Work and Income scheme grants $16,000 over two years to apprentices
What next when $390m apprenticeship scheme ends?
Industry leaders call on the Government to extend a $390m scheme to train apprentices.
Market close: Prices up despite lurking grey clouds
Sharp rise despite lockdowns, rising interest rates, talk of US recession.
Builder aborting $85m Onehunga apartment job frets for buyers
'Decision will no doubt be a tough pill to swallow' says builder.
5000-home development rejected by Housing Minister for fast-track treatment
Winton Land has 1500 of 5000 homes consented: plans will proceed on smaller scale.
Billionaire Friedlanders buy leaky Auckland apartment block
"We hope that the previous owners got some relief from our purchase" - Creemers
Strewth: Pre-made Aussie bathrooms for Avondale state units
Where five state homes once stood, now 18 state apartments are on the Avondale site.
'Absurd delays': Builders threaten to bypass council approval due to delays
Some builders are threatening to bypass council inspections due to 'absurd' delays.
Decision pending: Westgate developer's $80m-plus claim against council
The court case has concluded after a long trial over whether services had been delivered.
Woolworths NZ selling Chch site consented for $300m mixed-use hub
Homes, apartments, offices, medical centre, childcare, gym, cinema among hub's elements.
Stanley Group liquidators suing directors after $17.9m failure
Directors understood to have engaged counsel, strenuous defence expected.
Owners of 40-level Auckland apartment block sue for $140m
Fire, structural, weathertightness and internal moisture defects are alleged.
Fixing $750m convention centre - the next steps after the fire
Three years after the massive fire, work is about to start rebuilding the roof.
What's being done to solve the Gib crisis?
The three-pronged attack aimed at solving the drastic Gib plasterboard shortage.