Construction stories
Auckland buyers face a tightening apartment market as just 12 months of supply remain, while average prices climb 12 per cent to NZD $1.12 million.
Luxury marketers may boost sales by matching ads to shoppers’ beliefs about whether personality and taste can change, research suggests.
The $240 million Convention Centre deal is expected to reassure investors, developers and suppliers while creating jobs in Christchurch's CBD.
Shipping containers have kept Queenstown’s Kawarau Falls Bridge replacement moving through extreme weather and a wide river crossing.
Owners of leaky homes can now join the claim for longer, after judges extended the opt-in window to five months and awarded costs.
Businesses want more roads, rail and broadband investment, but most doubt the current plan will deliver the best economic outcomes.
Business groups say the proposed commission could cut costly overruns, improve procurement and give investors greater certainty over the pipeline.
New hotel rooms could squeeze occupancy and rates if development outpaces demand in New Zealand’s tourism markets.
Construction activity remains strong nationwide, with ready-mix concrete output topping 1 million cubic metres in the June quarter.
Coastal homes in Hawke’s Bay won praise for stretching modest budgets, with two beach designs taking top honours at the awards.
Business leaders say transport bottlenecks and planning delays are constraining growth as most back higher public-private infrastructure spending.
Mass timber is gaining traction because it can match concrete on strength while cutting build times, waste and carbon emissions.
Auckland faces a USD $5.9 billion transport funding gap over the next decade as revised population forecasts point to faster growth.
The 2020 opening is set to bring more than NZD $320 million in economic benefit to Canterbury over eight years and support local events.
A specialist procurement body could unlock up to NZD $12 billion in extra value from New Zealand’s $125 billion infrastructure programme.
Heritage works at the 1876 Sudima Hamilton are set to draw new retailers as the CBD’s revival lifts foot traffic and spending.
Corrosion is estimated to cost New Zealand more than GBP £10 billion a year, prompting the ACA to run specialist courses in Auckland and New Plymouth.
The 52-metre scheme would replace the Leader’s Building and could briefly make central Wellington home to a record-breaking timber tower.
The factory could ease housing shortages by speeding up and cheapening construction, with excess capacity set to serve Southeast Asia.
Record visitor numbers helped push hotel and motel consent values to GBP £490 million in the June 2017 year, Stats NZ says.
