ZB

Master Builders Association: Hardest it's ever been to build housing

Author
Newstalk ZB,
Publish Date
Tue, 28 Jun 2022, 8:00am
Photo / File
Photo / File

Master Builders Association: Hardest it's ever been to build housing

Author
Newstalk ZB,
Publish Date
Tue, 28 Jun 2022, 8:00am

Warnings from industry leaders that the housing crisis could deepen and property prices could spiral again, if new builds stall.

The Master Builders Association says supply chain issues and rising material costs are behind a drop in sales and inquiries for new housing builds, as lending becomes tougher and banks want fixed-price contracts.

Vice-President Johnny Calley told Mike Hosking it's the hardest it's ever been to build housing.

“The forces are from all angles, so we can’t hide from the fact, it’s pretty difficult.”

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