More signs of recovery in the construction sector.  

Stats NZ data shows more than 41,000 new homes were consented annually to September – up 18%. 

Standalone home consents rose 20% to the highest level in four years. 

Townhouse consents are up 18%, and they're up 11% for retirement village units, but down 11% for apartments. 

Combined Building Supplies Co-op CEO Carl Taylor told Mike Hosking they're seeing a shift in the market – just because we can fit six townhouses on a section, doesn't mean we have to. 

He says a lot of the builders he talks to are starting to pivot their businesses as they're realising they can't actually sell those townhouses – especially if they don't have garaging or car parking. 

LISTEN ABOVE 

More signs of recovery in the construction sector. &nbsp;
Stats NZ data shows more than 41,000 new homes were consented annually to September – up 18%.&nbsp;
Standalone home consents rose 20% to the highest level in four years.&nbsp;
Townhouse consents are up 18%, and they're up 11% for retirement village units, but down 11% for apartments.&nbsp;
Combined Building Supplies Co-op CEO Carl Taylor told Mike Hosking they're seeing a shift in the market – just because we can fit six townhouses on a section, doesn't mean we have to.&nbsp;
He says a lot of the builders he talks to are starting to pivot their businesses as they're realising they can't actually sell those townhouses – especially if they don't have garaging or car parking.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Carl Taylor: Combined Building Supplies Co-op CEO on new home building consents rising 18%, led by standalone homes

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/de81f458-9799-41a0-bb90-b4f701557b90/transcript