Building boom thunders on
The house-building "super-cycle" will not collapse until 2005 and perhaps even continue until 2007, according to the latest economic analysis.
Sunday, September 14th 2003, 10:53PM
by The Landlord
In the past year, 29,000 new dwelling consents were issued, Wong said. This is the equivalent of building a new city the size of Matamata.
But Wong said that, despite the high levels of house building, demand far outstripped supply.
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