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10 Aug 2022 13:21
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  •   Home > News > Business

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

    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.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     10 Aug: Retail spending is continuing to take a hit, as fuel and food prices continue to rise
     10 Aug: A supermarket has become the latest target of a smash and grab in Auckland
     10 Aug: Spark has been issued a warning from the Commerce Commission and ordered to pay more than 15-million dollars in refunds to customers
     09 Aug: First home buyers can expect a market lull soon
     09 Aug: Retail card spending fell 11-million-dollars between June and July this year
     09 Aug: People are being urged to check their insurance options, as premiums continue to rise
     09 Aug: Food prices are set to keep rising
     Top Stories

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    BUSINESS BUSINESS
    Retail spending is continuing to take a hit, as fuel and food prices continue to rise More...



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