Recession warning: Building industry downturn likened to GFC as new residential house numbers plummet
'Without question, there will be more closures.'
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'Without question, there will be more closures.'
'Without question, there will be more closures.'
'Without question, there will be more closures.'
'Held to ransom': Timber saga prompts panic buying, backlogs and housing fears 10 Apr, 2021 08:00 PM 7 minutes to read Some people have been panic buying timber as the shortage continues. Photo / File The boss of one of the Bay's largest building companies says the industry is being "held to ransom" amid a deepening shortage of timber products. The shortage has sparked panic buying of materials and a warning from a national hardware retailer, PlaceMakers, that customers should plan well in advance as demand for steel, timber and cladding soars. In March, the Commerce Commiss...