|
|
|
|
|
|
|
|
|
|
|
|
In this newsletter:
- Industry news at a glance
- BIF in the news
- Chris Bishop: 'Frustrated' at the pace of change
- Russell McVeagh: Insights
- Will Eliminating Excessive Regulations Solve the Housing Affordability Crisis?
- Build Magazine
- StatsNZ: Building Consents
- Have Your Say: MBIE recognising high quality overseas certified building products and standards
- CreditWorks Insights
- Forsyth Barr: Building Sector
- Improvements to Occupational Licensing
- John Burns Research & Consulting Q1 2025 Recap: Housing resilience faces affordability test
|
|
|
Industry news at a glance
|
|
|
|
(Photo: 1News)
|
|
|
|
(Photo: 1News)
|
|
|
|
(Photo: RNZ file)
|
|
|
|
(Photo: Bloomberg via NZME)
|
|
|
|
(Photo: Stage one of Auckland’s Awakeri Wetlands project was opened in 2020. NZME via BusinessDesk)
|
|
|
|
(Photo: An ITM frame and truss plant. Via NBR)
|
|
|
|
(Photo: Fletcher Building via NZ Herald)
|
|
|
|
(Photo: Home in Place via NZ Herald)
|
|
|
|
(Photo: Connull Lang via BusinessDesk)
|
|
|
|
(Photo: Home in Place via NZ Herald)
|
|
|
|
(Photo: 1News file image, via istock.com)
|
|
BIF in the news
Good news for local Kiwi companies as the Government has announced proposed changes to procurement rules that will make it easier for New Zealand businesses to win government contracts. The changes include introducing a new economic benefit test and scrapping 24 rules that put unnecessary obstacles in the path of Kiwi businesses.
BIF NZ Chief Executive Julien Leys was interviewed on the Mike Hosking Breakfast about the changes.
“This is going to help economic growth and deliver economic value,” said Leys, who is excited about the changes. “Rather than focussing on prescriptive criteria, we are going to see better deals, more work for local companies, moving away from compliance and procurement… it’s a great move.”
“These are things that really create a burden,” said Leys about the 24 rules being scrapped from 71 down to 47. Procurement has not been updated since 2019, so Leys believes it is time to streamline in order to prioritise New Zealand’s economic health.
“They still have to meet the code; they still have to meet all of the obvious criteria that we already have in our very high-quality built environment,” he reassured Hosking. “But we don’t need to go overboard.”
The announcement comes as part of the National Party’s plan to increase jobs and incomes by shifting New Zealand to a fast-growth track. Reducing the number of rules aims to streamline and simplify the process for New Zealand businesses.
The government contracts are worth over $50 billion dollars each year.
|
|
Chris Bishop: 'Frustrated' at the pace of change
Chris Bishop, Minister for housing, transport, infrastructure, Resource Management Act (RMA) reform and associate for finance and sport and recreation, sat down with Oliver Lewis of BusinessDesk for a discussion on money, plans, and change. The article can be found here.
|
|
|
Russell McVeagh: Insights
|
|
Russell McVeagh recently published a comprehensive report on infrastructure investment in New Zealand, examining key factors and trends shaping infrastructure investment in New Zealand today. The report explores what is on the horizon for Kiwis in the infrastructure and investment space, including reforms that may be expected.
You can view the report here.
Russell McVeagh also released an insightful article on concurrent delay within our industry, which arises when contractors submit claims for extensions of time. The recipient of the claim will point to another event, which does not qualify for an extension, that is also said to be causing a delay during the same period as the event in the contractor's claim. They will argue that this means the contractor is not entitled to the additional time and/or cost claimed.
You can view the article here. |
|
|
Will Eliminating Excessive Regulations Solve the Housing Affordability Crisis?
|
|
This article comes from the National Association of Home Builders (NAHB), based in the USA.
Excessive government regulations are frustrating the efforts of home builders and multifamily developers to build more housing and address the nation’s housing affordability crisis, the National Association of Home Builders (NAHB) told Congress.
NAHB is urging Congress to introduce and pass legislation to fix this situation by preventing HUD and USDA from adopting a minimum energy standard that harms housing affordability.
You can view the full NAHB release here. |
|
Build Magazine
The March edition of the Build magazine has been released by BRANZ. You can view it online here.
|
|
StatsNZ: Building Consents
StatsNZ published the statistics about building consents issued for February 2025. Amongst other interesting points, February 2025 saw over 2,500 new dewllings consented, up seasonally by 0.7%.
You can view the full data release from StatsNZ here.
StatsNZ also released a summary of the December 2024 quarter on the value of building work put in place, which can be found here.
|
|
|
|
(via StatsNZ)
|
|
Have Your Say: MBIE recognising high quality overseas certified building products and standards
MBIE is encouraging people to have their say on the content of new regulations needed to implement the Building (Overseas Building Products, Standards, and Certification Schemes) Amendment Bill (the Bill) via a survey.
For more information and to complete the survey, click here.
You can also view recent commentary from the Transport and Infrastructure Committee on the bill here.
|
|
CreditWorks Insights
CreditWorks has published their month-end credit insights. This version, along with past editions, can be viewed on the BIF website here.
|
|
|
Forsyth Barr: Building Sector
Forsyth Barr Investment Services releases reports in equity research about the nature of the building sector in New Zealand and they have just released one on consents in New Zealand, titled "Resi Stable, Non-Resi Sliding."
You can view the report here. Visit www.forsythbarr.co.nz for more.
|
|
|
Improvements to Occupational Licensing
The Government has announced improvements to occupational licensing that applies to licensed tradespeople and the work they do.
These changes ensure that licensed tradespeople can be held accountable when things go wrong. You can view more information about these changes here.
|
|
|
John Burns Research & Consulting Q1 2025 Recap: Housing resilience faces affordability test
John Burns Research & Consulting has released a recap on the first quarter of 2025, exploring how builders, developers, buyers, and rental operators are adapting
You can view the quarterly recap here.
|
|
|
If you would like to be on the mailing list to receive our BIF monthly newsletters directly, please let us know by emailing office@bifnz.co.nz
|
|
|
Copyright © 2025 BIF All rights reserved.
If you want to unsubscribe from our newsletter, simply click here: Unsubscribe
|
|
|
|
|
|
|
