Rider Levett Bucknall RLB’s Post

According to the Rider Levett Bucknall RLB Forecast 110 report – New Zealand Trends in Property and Construction – the outlook for construction remains weak for the coming year, but there are signs of a pick-up in demand beyond 2025. RLB’s Forecast 110 noted that near-term construction demand is soft. Construction activity fell slightly in the June 2024 quarter, reflecting a small decline in both residential and non-residential construction. Key points in this issue: ▪ Building activity mixed across regions but Auckland still the main driver ▪ Decline in building consents for education but strong demand for office developments ▪ Waikato and Otago lead weakness in non-residential construction demand ▪ Growth in non-residential building consents in Wellington and Auckland ▪ Construction cost inflation set to ease in the new year Read RLB's analysis ▸ https://lnkd.in/ggxR-gCt

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