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Home Building Market Continues To Slow

Home Building Market Continues To Slow

The home building and renovations market has continued to slow. Statistics NZ reports that New Zealand home-building approvals fell 42 percent in May from April, adding to signs that the property market is slowing as credit costs increase and consumer confidence slumps.

Builderscrack.co.nz, a website that links homeowners with tradespeople reports that this is helping them match supply with demand. “We initially found it difficult to source trades people for work homeowners were posting on the site, but have seen that over the couple of months, tradepeople are chasing the work more enthusiastically. This is helping us improve customer service, as jobs get completed more quickly” said Keith Roberts, co-founder of Builderscrack.

“If people have put off renovations during the boom because they found it hard to get a good builder, now is a good time to get the work done. Posting the job on a site like Builderscrack.co.nz puts the customer in the driving seat in selecting tradespeople”.

Tradespeople are realising they need to be more proactive to maintain the same level of work they have seen over recent years, which is good for the consumer.

ENDS

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