The downturn in construction continues.

The Post is reporting almost a third of all business liquidations are construction companies - up from a quarter in 2022.

Building Industry Federation chief executive Julian Leys says it's been a tough few months.

But he says things are levelling out.

"We still have a good number of building consents - sitting around at 33-34,000. We still are seeing active work with construction in sub trades."

LISTEN ABOVE

The downturn in construction continues.
The Post is reporting almost a third of all business liquidations are construction companies - up from a quarter in 2022.
Building Industry Federation chief executive Julian Leys says it's been a tough few months.
But he says things are levelling out.
"We still have a good number of building consents - sitting around at 33-34,000. We still are seeing active work with construction in sub trades."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Julien Leys: Building Industry Federation chief executive on the downturn impacting the construction sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9f6b484d-4123-4404-95c2-b2f10060eadf/transcript