Latest from Construction

Boom but builders going bust
When the demand for housing could hardly be hotter, how is it that construction companies continue to fail?

Auckland Port stoush: Heads could roll
Heads could roll over Ports of Auckland expansion plans, according to a senior Auckland Council source.

New life for stately warehouse
The Wynyard Quarter's stout but stately 1920s John Lysaght building is getting a $6 million makeover.

Auckland port bosses open to pause
Ports of Auckland is not ruling out a pause in construction on two massive wharf extensions into the Waitemata Harbour.

Singapore govt's spree reaches $1.2b
The Singaporean Government's sovereign wealth fund is expanding its New Zealand property holdings after taking a 49 per cent stake in 10 major properties for about $1.2 billion in the last year.

Govt targets cost of building consents
Councils may soon face private sector competition for issuing building consents again, as part of a Government drive to make housing more affordable.

Executive Success: Architect of her own future
As Wellington Airport's $58 million airport terminal extension rises out of the ground, more than 15,000 passengers continue to fly in and out each day.

Tribeca Homes company placed into liquidation
Part of troubled housing development empire Tribeca Homes has been placed into liquidation by creditors.

$220m of new work planned
Auckland's rapidly expanding economy has prompted the city's biggest private developer to announce $220 million of new work.

Liu in council face-off
Donghua Liu demolished a stone wall and cut down trees allegedly without permission on land where he plans to build an ambitious housing project in Auckland.

Fletcher Building drives index higher
New Zealand shares rose yesterday, paced by Fletcher Building, as investors were drawn to firms that have under-performed the benchmark index.

New $220m buildings unveiled (+ pics)
New Zealand's biggest private property developer, Mansons TCLM, is planning three big new Auckland office blocks worth $220 million.

Building firm collapses - owing $5.5m
Auckland building contractor Valiant Homes has collapsed with creditors chasing almost $5 million from it.

NZ's biggest apartment plan
A new $300 million 800-unit Albany project, promoted as New Zealand's largest residential apartment development, has just been announced. Martin

'Defective' cladding used in schools
Carter Holt Harvey's cladding sheets and systems used in 880 school buildings were "inherently defective", the Court of Appeal has heard.

Crisis persists despite building rise
Building activity has reached its strongest growth rate in almost 15 years and is up sharply in the latest quarter, but critics say it is still not helping relieve Auckland's housing crisis.

Stock Takes: Up and away - market takes off
It has been a big week for the sharemarket as the reporting season continues and stocks make big price moves.

Fletcher increase spending on land
Fletcher Building spent $57 million on land in the latest half year, well up on the $28 million it spent in the last full year.

Chorus paces rise in sharemarket index
New Zealand shares rose yesterday, paced by Chorus as its first-half earnings met with market expectations. Xero rose to a four-month high as a seller exited the stock.

Govt grant for firm that later failed
New Zealand's biggest off-site housing manufacturer received a $287,500 Government grant before Prime Minister John Key opened its Kumeu factory.

Production up in Fletcher's China plant
Fletcher Building's new $77 million hi-tech Formica Group plant in China is running at close to half-capacity, two years after it opened.

Nick Russell: Court decision on insolvency victory for the little guy
Small business owners, particularly in the construction industry, should be breathing a sigh of relief this week.