Homeowners regaining confidence for renovation

7 April 2010

Homeowners regaining confidence to go through with renovation plans

The latest Builderscrack.co.nz Tradesman Index, published today, showed that the average size of jobs completed by tradespeople rose by 12% in March, breaking three months of decline. It remains 5% below March 2009. The index is based on the cost of trade jobs completed through Builderscrack.co.nz.

“The increase was primarily driven by fewer cancellations of large jobs. In the last three months we have had large numbers of homeowners cancelling jobs citing changing circumstances. Cancellations were rare in March. A small increase in the number of major renovations and new builds listed also helped” said Builderscrack.co.nz director Keith Roberts. “Competition between tradespeople remains strong, but it feels like homeowners are slowly regaining confidence to take on bigger projects”.

“Regionally, the rebound in the last month has been most apparent in Auckland, with Wellington not far behind. South Island cities and towns are taking longer to come back. Auckland led on the way and we are hoping the rest of the country will be close behind as the market recovers”.

About Builderscrack.co.nz
Builderscrack.co.nz is the leading New Zealand website where homeowners can find rated tradesmen, get competitive quotes quickly and easily, and review tradesman performance.

About the Builderscrack.co.nz Tradesman Index
The Builderscrack.co.nz Trade Job Services Index is based on the average value of jobs completed through Builderscrack.co.nz. The metric measures variation since November 2008.

Builderscrack.co.nz Trade Index values:

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar
100 78 80 70 80 70 68 64 71 77 75 76 85
74
70 68 76

ends

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