New residential Building consents up 25% in 12 months to September …..non-residential up 10%
Plenty of work and stuff needed …..Fletcher’s looking good
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New residential Building consents up 25% in 12 months to September …..non-residential up 10%
Plenty of work and stuff needed …..Fletcher’s looking good
FBU sp looking not so good.
Green squiggly line going past red squiggly line. :mellow:
I guess it depends on your colour scheme ... however if you use green for the MA50 and red for the MA200 (that's often the default), there is still a long way to go to the cross of death.
Share price is flirting with the MA200 - this is correct, but it is not really "confirmed" below - might nicely bounce back from the MA200 ... this could well be a buying opportunity.
Anyway - DYOR;
Discl: holding and not worried;
Flirting with the strong area of support around AU$6.65. The weakness has really surprised me, especially given the buyback. Technicals are healthy on a monthly chart, but a bit ugly of daily and weekly.
Market is unsure how to play this. I suspect we might need some sort of FY guidance so investors are aware whats happening. What I do no is the housing Boom hasn't slowed. A number of divisions have there order books full up into August next year and it still continues to pour in.
Might see an upgrade to earning soon, going by what STU put out this morning.
Govt reckon the likes of Fletcher's are ripping NZers off so going to have another industry review
They be better off not wasting time and money and putting energy into other things
Been through this a few times now ..... nothing will change
NZ is such a small company and as such always going to 'pay' more than most of the world
https://www.nzherald.co.nz/business/...KKG6CY6LHZFOI/
Prob paywalled
W69, I read that. They also compare us to Aust. Why? Aussie homes are simpler In Aust for windows you get xx amount sizes. In NZ its like everything is unique unless you are building for a client who has same size throughout their project. Retirement Village sort of thing. Its nothing more than a Govt blame game. New house prices will jump next year with extra Sick Leave and Annual Holiday included on rising costs on everything.
A fair point. NZ Building industry is probably one of the least efficient in the world given the desire to avoid any standardisation.
Can't agree however that this is the only reason for the stellar costs of building materials here in NZ.
When we arrived some 26 years back from Europe I found that building materials like nails, joiners and even paint was 50 to 100% more expensive than buying it in a German building market. Timber was at least twice the comparable price to coming from a German sawmill, and this despite the European timber being of much superior quality. They sell you timber in Europe which keeps in shape, even if you don't immediately use it.
The NZ building industry produces unbelievable low quality for an eye-watering high price - and the consumers, who often don't know better (and have as well little options) have no other choice than feeding a lazy and inept duopoly ...