Stucco houses hit by leaky saga
Tuesday 10 February 2004
News rules to prevent more leaking homes requires stucco-clad homes with timber framing to have air gaps and cavitiesThere is more fall-out from the leaky homes debacle, with new rules being put in place for stucco homes.
The Building Industry Authority says solid plaster-clad (stucco) homes with timber framing must now be built with air gaps and cavities.
The authority says the changes mean that if moisture penetrates the cladding, it has an opportunity to drain or dry before causing damage to the framing.
Read More - Opens in a new window
Commenting is closed
Processing of Auckland consent applications has got a whole lot more complicated – thanks to the 100 plus appeals made on the Unitary Plan.
Decline in investor activity has had a limited impact on the booming housing market – yet in Auckland prices are at a record high, new REINZ data shows.
Restrictions and pressure on residential property investors keeps growing and many investors are looking for possible solutions: commercial property is one such option.
Keeping the OCR on hold was the move expected of the Reserve Bank today, but economists say it means there will be another cut in November.