More choice and competition in building products
A major shake-up of building products which will make it easier and more affordable to build is on the way, Building and Construction Minister Chris Penk says.
“Today we have introduced legislation that will improve access to a wider variety of quality building products from overseas, giving Kiwis more choice and injecting some competition into the market.
“We know that our building system lacks competition and that it is too expensive to build in New Zealand. The building supply chain is dominated by a few big companies which makes us vulnerable to price increases, supply chain disruption and shortages – as witnessed with the GIB crisis in 2022.
“This lack of competition, even when it’s business-as-usual, means more expensive building products and less innovative and efficient building processes. This means that Kiwis pay an exorbitant cost for construction and wait a long time for building work. Building costs have increased by more than 40 per cent since 2019 and building productivity has not materially improved since 1985.
https://www.beehive.govt.nz/release/more-choice-and-competition-building-products
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