New Zealand building approvals fell to a six-year low in 2024 as high interest rates and a recession spooked home buyers and stalled developments. Consents fell to 33,600 in the 12 months through ...

Wellington, New Zealand — Perched on two fingers on the roof of an art gallery in Wellington, New Zealand, the giant sculpture of a hand has loomed over the city for five years. Named Quasi, the 16 ...

New Zealand residential building rebounded in the third quarter, adding to signs the economy is recovering in response to central bank stimulus. The volume of residential building work rose 2.8% from ...

The government’s proposed shake-up of New Zealand’s building consent system will be the biggest reform in the sector since 2004. Essentially, the changes will spread liability for building failures ...

New Zealand’s residential construction industry contributes roughly NZ$26 billion annually to the economy and employs around 70,000 workers. Yet despite its significance and scale, the sector’s ...