It's a waiting game for the construction sector as the economic downturn continues to bite.

The latest EBOSS Builder Sentiment Report shows 67% of builders are seeing less demand for their services.

70% feel industry conditions will continue to decline in the next 12 months.

Construction Industry Council Executive Director Tommy Honey told Ryan Bridge everyone is waiting for economic conditions to pick up again.

He says people are holding off selling their homes, which has resulted in fewer people renovating or building new homes.

LISTEN ABOVE

It's a waiting game for the construction sector as the economic downturn continues to bite. 
The latest EBOSS Builder Sentiment Report shows 67% of builders are seeing less demand for their services. 
70% feel industry conditions will continue to decline in the next 12 months. 
Construction Industry Council Executive Director Tommy Honey told Ryan Bridge everyone is waiting for economic conditions to pick up again. 
He says people are holding off selling their homes, which has resulted in fewer people renovating or building new homes. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Advertisement