Larry Williams Drive

Building consents in New Zealand have hit such a high level that our construction industry may not be able to keep up. There were 49,800 consents issued in the 12 months up to this February but according to estimates, our industry can only actually build 30-35 thousand homes a year. New CoreLogic data out today also shows the rate of construction cost growth has reached a record high. Kelvin Davidson, chief property economist at CoreLogic, joined Andrew Dickens. LISTEN ABOVESee omnystudio.com/listener for privacy information.