Julien Leys: Building Industry Federation chief executive on the downturn impacting the construction sector - Heather du Plessis-Allan Drive

The downturn in construction continues.

The Post is reporting almost a third of all business liquidations are construction companies - up from a quarter in 2022.

Building Industry Federation chief executive Julian Leys says it's been a tough few months.

But he says things are levelling out.

"We still have a good number of building consents - sitting around at 33-34,000. We still are seeing active work with construction in sub trades."

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