Latest / Auckland News Today | 2 Min News | The Daily News Now!
NZ Construction Industry in Freefall | Auckland News
New Zealand’s construction industry is in freefall, with total project value plummeting from $63 billion in 2023 to $55.7 billion in 2025, forcing hundreds of firms into collapse. Rising interest rates, weak housing demand, and soaring material costs are crushing confidence, while government inaction leaves businesses stranded without long-term plans. With no work beyond this year and private housing construction stalled, the sector’s recovery looks uncertain — and workers are feeling the squeeze. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.