Latest from Construction

Home-building trend remains soft, new house consents fall 22%

High interest rates and increased costs drive softness in the new home consent data.

Exploding liability: Fletcher paying $168m for Perth pipe disaster

Iplex will pay 80%, Western Australian Government to pay 20% to help homeowner victims.

ELE collapse: Deloitte repaying staff $4.1m owed, BNZ gets full amount

Receivers have collected about 85% of the total amount owed by debtors.

Fletcher Building poised for announcement on leaky pipes

After complaints about pipes in Australia, company has been in mediation.

The five biggest property sales in 2024 so far – including Sir Peter Jackson’s Lyall Bay deal

Buying and selling activity is continuing apace, despite the sluggish economy.

Du Val Group: High Court to decide if interim receivership documents can be made public

Judge prepares to hear arguments in Hamilton on Monday.

'Stabilising investment property market' - giant landlord Precinct reports result

Company is progressing further growth in the apartment sector.

Property Insider: ‘Wind pressure’ on Seascape; Du Val estimated to owe $250m; new Ikea roof

Deputy Mayor Desley Simpson explains what steps the council will take on the skyscraper.

Du Val Group: Andrew Bayly quizzed over statutory management

Complexity and scale meant immediate government intervention was required - Bayly.

SkyCity makes $143.3m reported net loss

Soft economy, cost-of-living pressures here and in Australia and regulatory issues cited.

Government steps in: Du Val Group placed in statutory management

Andrew Bayly and the FMA issued statements about why this happened and what's next.

Fletcher Building gives warning on 2025 'challenging' year

'We expect it will take time to see the flow-through to consenting and actual work.'

$227m loss: Fletcher delivers disappointing result

Losses from Higgins, intense competition, poor trading conditions feature in huge loss.

When will we know more about Du Val's interim receivership?

Report went in last Friday, PwC says. Nothing has been released in public yet.

Andrew Reding appointed Fletcher Building chief executive

He has held roles at Graeme Hart's Rank Group in the US.

Empire gets largest Vital shareholder to back 50.01% takeover offer

Vital is due to deliver its full-year result next Tuesday.