Home.Technical Info.Displaying items by tag: building
Displaying items by tag: building

When will the building recovery pick up speed?

Key themes - June quarter 2010

1. The key trends identified in our previous quarterly report were confirmed in the March quarter. Housing consents rose tentatively from a low base and non-residential consents continued to weaken. Recent data showing a rise in residential activity in the December 2009 quarter supported the view that we have passed the bottom in the homebuilding cycle.