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Construction Industry

Fletcher Building to raise $700 million amid debt and market challenges

Fletcher Building has announced a $700 million capital raise to reduce its $1.7 billion debt and strengthen its financial position amid declining demand in...

Du Val Group companies placed into statutory management

The Government has placed companies associated with Du Val Group, a developer of large-scale residential property projects in Auckland, into statutory management, Commerce and...

Fletcher Building reports $227m Loss

Fletcher Building has reported a full-year loss of $227 million, with revenue remaining relatively flat at $7.683 billion compared to the previous year. The company's...

Construction industry concerns over Kāinga Ora’s revamp and project delays

The construction industry in New Zealand is facing significant issues due to the government’s revamp of Kāinga Ora, the largest home builder in the...

Building Act changes to ‘streamline’ consent process

The Government is making it easier for minor changes to be made to a building consent so building a home is easier and more...

Changes to building levy will reduce construction costs and red tape – Penk

The coalition Government is beginning its fight to lower building costs and reduce red tape by exempting minor building work from paying the building...

WorkSafe bans sale of ‘fire hazard’ heater

Serene S2068 heaters manufactured in March 2021 have a manufacturing defect. There have been several fires and overheating events associated with these heaters. WorkSafe published...

Imprisonment sentence ‘to deter tax offending’ – IRD

A former construction company director has been jailed on tax charges. In 2021, Stephen Eugene Foley was found guilty by a jury of aiding and...

Technical Specification for the design of new buildings out for public comment

Standards New Zealand has today released a draft Technical Specification for 'Structural design actions – Part 5: Earthquake actions – New Zealand' (TS1170.5) for...

Government repeals Natural and Built Environment Act and Spatial Planning Act

Parliament has passed legislation repealing the Natural and Built Environment Act and the Spatial Planning Act as part of the Government’s 100-day plan, RMA...

Falling beam crushed worker

The death of a 21-year-old in the construction sector shows how easily stopgap measures can endanger workers, WorkSafe New Zealand says. Aidan Paszczuk was removing...

Building product requirements to improve sector efficiency – Penk

Building and Construction Minister Chris Penk is welcoming the launch of Building Product Information Requirements, which require manufacturers and suppliers in the construction industry...

Non-residential building activity down in September quarter

The seasonally adjusted volume of building activity in New Zealand was $8.6 billion in the September 2023 quarter, down 2.4 percent compared with the...

Asbestos prosecutions highlight room to improve – WorkSafe

WorkSafe New Zealand says two recent court cases show Aotearoa still has a long way to get asbestos management right. Asbestos remains the country’s number...

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