The Government has published its response to the Commerce Commission’s market study into residential building supplies. Here’s a summary of some of the key actions being taken.

The 2023 EBOSS Construction Supply Chain Q1 Update (Q1 2023 Update) shows that price increases to building products have halved over the past six months and are set to stabilise even further as global pressures lessen and inventories continue to be well stocked.

For those of you involved in assisting with repairs to flood damaged property from North Island flooding, MBIE have published four pieces of information on flood remediation, and also share details on the new claims resolution service.

The latest research into product substitution reflects elevated levels of substitution dominated by short-term factors, and a long-term need to improve on quality of information and consistency of substitution processes.

Suppliers predict that building product prices will increase a further 9% over the next 6 months, according to the latest Construction Supply Chain Update from EBOSS.

Building sector confidence plummets to new lows — 91% of builders say there is not enough qualified staff to meet demand. 

MBIE would like your feedback on whether the transition period for the proposed insulation changes to new residential housing should be extended.

Following a 34% increase over the last 12 months, building product suppliers are estimating a further 11% increase in the price of their products over the next 6 months, according to the latest EBOSS Construction Supply Chain Update.

I analyse the latest Stats NZ figures to consider the growth of the alterations and additions market in New Zealand.

While recent conversation has centred on house prices peaking, the construction costs for new homes are not expected to slow down any time soon.