Building sector short of staff
Monday 26 January 2004
A big 'staff wanted' sign on the back of a contractor's truck graphically illustrates a skill shortage in the building trade in Wellington.
By The LandlordRob Askew, owner of Porirua construction firm N & R Askew, said there was a big shortage of builders – and it was going to get worse.
His firm has a two-year contract to reposition property boundaries along a stretch of State Highway 1 through Plimmerton as part of a road-widening project.
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Housing confidence has been dealt a hefty blow by the Covid-19 crisis with house price expectations plummeting to new lows.
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.