Fletcher Building profit drops 20pc
Profit fell to $270 million in the year ended June 30, from $339 million a year earlier, the company said.
Profit fell to $270 million in the year ended June 30, from $339 million a year earlier, the company said.
Auckland could take another 86,400 dwellings in the next eight years without any risk of over-building.
Dual-listed giant Fletcher Building is tipped to push up annual operating earnings 4 per cent to $652 million when it declares its full-year result tomorrow.
A leaky building lawsuit against cladding manufacturer James Hardie is looking more likely to expand into a class action.
The cladding manufacturer is facing a leaky building lawsuit that could balloon into class action.
People working in the construction industry continue to enjoy the benefits of the building boom in Christchurch and Auckland.
Auckland projects including a Titirangi art gallery and a Manukau campus building have been short-listed for architecture awards.
New Zealand residential building consents fell 4.1 per cent in June as construction intentions in Canterbury tapered off.
Buildings at a relatively new Auckland school are about to be demolished in one of the biggest casualties of the leaky building crisis.
A new $50 million dome-shaped silo for storing cement is due to spring up at Ports of Auckland next week or the week after.
Initial geotechnic testing has been carried out on the site for the 52-level NDG Auckland Centre and construction might begin next year.
One of NZ's biggest off-site housing manufacturers is now in liquidation, but creditors have hope of getting paid.
The head of New Zealand's biggest insulation manufacturer welcomed the Government's decision to require all tenanted properties to have ceiling and underfloor insulation.
Auckland needs to squeeze in and up and move to having more suburban units and apartments to meet buyers' growing financial constraints and limitations.
Tenants' rights groups have welcomed plans to insulate all rental properties, but nearly 100,000 would be exempt where it was impossible to retro-fit insulation.
A council body has four months to produce a viable film studio plan at Hobsonville Pt or the land will be used for housing.
A second Kiwi engineer is working on the world's tallest new tower and the first kilometre-high building.
A pre-fabricated housing business, which built four new multimillion dollar Auckland houses aims to build new places within only four weeks.
Two Auckland Council bodies are at loggerheads over whether 20ha of land at Hobsonville Pt should be used for housing or a film studio.
The Bunnings chain of hardware stores have been a great success story, but the chain is at risk of becoming a victim of its own success, writes Christopher Niesche.
A vast 155ha block of South Auckland land has been ear-marked for a 1800 new dwellings to help ease the city's housing crisis.
Building consents were static in May as dwindling demand in Auckland offset increased construction intentions in other parts of NZ.
The results of a probe into retirement village residents' complaints and disputes with their owners and managers will be revealed next month and could lead to a shake-up.
Expansion constraints now mean the city and its port are about to head off in entirely different economic directions, their futures divided by widespread opposition, writes Anne Gibson.
If Housing NZ has its way, no one will be able to easily say 'that's state housing' - see its latest plans for new Auckland homes.
A Chinese couple have taken a novel approach to quickly building Auckland homes - using a crane to swing four new units into place over just two days.
From swimming pool fences to unauthorised construction work, three high-profile Aucklanders have appeared before the courts on a range of charges.
Len Brown is being urged by a senior councillor to accept a court ruling on controversial wharf extensions and instruct Ports of Auckland to do the same.