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Andrew Dickens: Why now is the time to build
It’s no secret that the construction industry is in trouble.
There’s a number of factors. Firstly the boom in construction right after the pandemic years as money became cheaper and cheaper, so more and more projects were undertaken.
We had a residential construction boom in 2022, with approximately 51,000 consents issued, driven by surging house prices and historically low interest rates.
But the good times weren’t to last.
A new government cut many projects, including the construction of 2500 state houses - cutting builders' lunches.
Meanwhile the supply of cheap money dried up as the…
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