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 says it's the hardest it's ever been to build housing.

He says with pressures coming from all directions... difficulties are unable to avoid.