Recent Posts

NZ building work put in place posts biggest quarterly gain in 10 years

The volume of building activity recorded its biggest gain in 10 years in the third quarter, led by construction work in Canterbury and the upper North Island. Building activity rose 9.6 percent in the third quarter and was valued at $2.9 billion in unadjusted terms, according to Statistics New Zealand. Residential building work made up 56 percent of the total. …

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Fletcher not abusing its role running Canterbury home repairs, EQC says

Fletcher Building, the country’s biggest listed company, isn’t abusing its position as the Earthquake Commission’s go-to guy for home repairs in Canterbury, and is providing “satisfactory value for money.” EQC chairman Michael Wintringham told Parliament’s finance and expenditure committee that Fletcher’s role managing the repair programme has met the government-backed natural disaster insurer’s criteria around cost, quality, timeliness and safety. …

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