In the middle of last year the building sector was in full swing.
The OCR was at a record low 0.25 per cent, along with tens of billions of stimulus fueling all aspects of the property market. The big challenges were the inability to produce or import building supplies fast enough, difficulty in securing tradespeople, and consent delays.
The winds of change are here, and through the thousands of jobs which Builderscrack facilitates each month we're seeing several trends that will be of interest to those with skin in the property game.
At the time of writing, the latest annual inflation data is 7.2 per cent (MBIE). Diesel is up just shy of