The 2025 Building Construction Report indicates the industry’s total revenue fell 5 percent to $94 billion in the year ended March, from $99b the year earlier.
It said inflation pressures compounded issues such as weak hydro generation and gas constraints, which pushed up spot prices during periods of peak demand.
A newly joined-up, continuous cycleway is now open on Victoria Street, linking Nelson Street and the Lightpath / Te Ara i Whiti routes in the west with Queen Street’s Te Waihorotiu cycleway in the east. It’s the latest piece of the city centre cycle loop,…