NEW ZEALAND, Wellington 4 February, 2008: Rider Levett Bucknall's Forecast 48 report: New Zealand Trends in Property and Construction, released today, suggests that New Zealand's non-residential building activity may be rebounding-increasing pressure on construction resources and costs.
Hugh Mackenzie, Managing Director of Rider Levett Bucknall's Wellington office commented, "Together with the latest quarter's upturn in building work put in place, the sustained high and still climbing level of consents suggests strong demand for building material and labour and therefore continuing pressure on building costs in the short to medium term at least."