Master Builders Report Resilient Pipelines Amid Weaker Trading Conditions

New Zealand's Master Builders report that their forward work pipelines remain resilient despite weaker trading conditions. According to the latest sector survey, 68% of Master Builders have a strong or steady pipeline, up from 64% last year.

The share of builders describing their pipeline as critically diminished has fallen to 6%, down from 11%. Ankit Sharma, chief executive officer of Master Builders, attributes this resilience to the industry's experience in managing risk and adapting to changing market conditions.

Cost inflation remains a significant pressure for builders, with 93% identifying rising construction costs as an issue. Weaker consumer demand is also a concern, cited by 87% of respondents.

The survey found that most homeowners (91%) would recommend building to others, and nearly three-quarters reported no significant delays in their projects. Master Builders are urging potential homebuyers not to wait for the market to recover, as capable builders are ready to work with customers to turn their plans into reality.