Well, I don't know - maybe we are all doomed. While decreased building activity in the first quarter of a year makes a lot of sense (holidays) -
turning this into a trend in my view makes not.
As well - how come retirement villages (e.g. at the SUM AGM) are complaining about stretched resources in the building industry if the same industry trends downwards? Does not compute.
Ah yes - and Auckland house prices are rising again:
http://www.sharechat.co.nz/article/8...ings-rise.html - this will get building activities up.
They haven't yet found a way to make more land ... and to create more space to live in on this land, they must build (or move more people into cars and tents ...). Given that the NZ population is growing and will keep growing (even if we move immigration to Zero) just due to Kiwis returning, we will need new houses.
Call me an optimist - but if there is really a dip I see it only as very temporary. Just noticed National home building policy - 34,000 over 10 years:
https://www.interest.co.nz/property/...0-state-homes;