Six out of 11 analysts who cover Fletcher Building shares have cut their 2012 and 2013 earnings forecasts.

New Zealand building consents bounced back last month, signalling a flurry of new construction intentions in Auckland's residential property market.

Buildings consents rose 11pc in October, says Statistics NZ.

Methven, the tapware and bath fittings maker, posted a 25 per cent slump in first-half profit, blaming a sharp downturn in Australian activity.

Government initiatives to improve value from new state housing estates in Glen Innes and elsewhere are laudable, but can go furthe

Christchurch's loss has been Auckland's gain as demolition companies ship north thousands of metres of native timber salvaged from quake-damaged buildings.

Companies specialising in the tricky task of re-levelling buildings are gearing up for a massive amount of work fixing up damaged land in Christchurch.

Burglars have stripped an empty apartment complex stealing everything - including 32 kitchen sinks.The crews behind the thefts posed as demolition workers and spent weeks inside the apartments.

The number of new homes approved for construction in August was up 17 per cent, the second month of increases, with retirement units and earthquake-related replacement homes lifting the numbers, says Statistics New Zealand.